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WASHINGTON - U.S. President Donald Trump on Thursday said his proposed 25% tariffs on Mexican and Canadian goods will take effect March 4 along with an extra 10% duty on Chinese imports because deadly drugs are still pouring into the U.S. from those countries.Trump told reporters in the Oval Office that the fresh tariffs on Chinese imports would stack on top of the 10% tariff that he levied on Feb. 4 over the fentanyl opioid crisis, resulting in a cumulative 20% tariff.
Customs and Border Protection to delay implementation of a ban on duty-free low-value package shipments from China, Canada and Mexico until adequate screening procedures can be put in place.Tariff tacticsTrump's decision to ratchet up tariffs on Chinese goods mirrors his actions to systematically escalate tariffs during his first-term trade wars with Beijing until serious trade negotiations took place between the world's two largest economies.
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Philippine Navy: China's Use of LRAD Signals Escalating Aggression in West Philippine SeaThe Philippine Navy has condemned the use of Long-Range Acoustic Devices (LRAD) by the China Coast Guard (CCG) against a Philippine Coast Guard vessel, calling it a clear escalation of aggression in the West Philippine Sea. Rear Admiral Roy Vincent Trinidad, spokesperson for the Philippine Navy in the WPS, stated that the LRAD signifies an increase in the Chinese Communist Party's aggression and underscores their illegal presence and coercive actions in the disputed waters. He linked this incident with China's broader strategy of asserting territorial claims over the South China Sea, citing the recent arrest of a Chinese national involved in intelligence surveillance of Philippine infrastructure.
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Philippine Coast Guard Pushes Back Chinese Vessel from Philippine WatersThe Philippine Coast Guard (PCG) successfully drove a large Chinese vessel, the China Coast Guard 5901, further away from Zambales. Initially spotted 54 nautical miles from the coast, the vessel was pushed back to approximately 120 nautical miles. The PCG remains vigilant, with BRP Teresa Magbanua patrolling the area and challenging the presence of the Chinese vessel. The PCG is committed to preventing the normalization of China's illegal deployment of maritime forces in the region.
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Philippine Stock Exchange Reaches Near-Majority Stake in Philippine Dealing System HoldingsThe Philippine Stock Exchange (PSE) has successfully acquired a significant stake in Philippine Dealing System Holdings Corp. (PDSHC), bringing the bourse closer to consolidating the country's equities and fixed-income exchanges.
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Philippine Senators Push for Multilateral Approach in West Philippine Sea DisputeAlyansa Para sa Bagong Pilipinas senatorial candidates, during a press conference, emphasized the need for a multilateral approach in protecting Philippine sovereignty in the West Philippine Sea. They expressed support for joint military exercises and the enforcement of maritime laws.
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Philippine Coast Guard Repels Chinese Vessels in West Philippine SeaThe Philippine Coast Guard (PCG) continues to drive away Chinese Coast Guard (CCG) vessels from the West Philippine Sea, asserting its presence within its Exclusive Economic Zone (EEZ). The PCG's BRP Cabra patrol ship successfully pushed back a CCG vessel, but another Chinese vessel subsequently arrived. The PCG remains committed to preventing the normalization of illegal Chinese activities in the disputed waters.
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Philippine Coast Guard Repels Chinese Coast Guard Vessel in West Philippine SeaThe Philippine Coast Guard (PCG) successfully defended against a Chinese Coast Guard (CCG) vessel that approached the Pangasinan coastline. The PCG vessel, BRP Cabra, maneuvered to drive away the CCG-3304, pushing it to a distance of 101.44 nautical miles. Another CCG vessel, CCG-3103, later arrived in the area. BRP Cabra asserted its presence within the country's exclusive economic zone, highlighting that the CCG's actions are violations of Philippine law and international agreements.
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