Following the pronouncement of the United States government to lift reciprocal tariffs on key Philippine agricultural products, the Philippine Chamber of Commerce and Industry (PCCI) lauded this, saying that it’s a relief for exporters and would safeguard jobs.

“The PCCI welcomes the Executive Order issued by U.S. President Donald Trump on 14 November 2025, lifting reciprocal tariffs on key Philippine agricultural products such as coconut, coffee, tea, tropical fruits and juices, cocoa, spices, bananas, oranges, tomatoes, beef, and certain fertilizers,” the PCCI said.

Malacanang on Wednesday announced that the Philippines secured a major trade boost as the US lifted tariffs on more than $1 billion worth of Philippine agricultural products, along with a broad range of industrial goods, allowing nearly half of the country’s total exports to the US to enter duty-free.

Finance Secretary Frederick D. Go described the development as a “win for Philippine agriculture and our exporting community” since the newly-exempt agricultural products were “vital to our farmers and rural economies.”

Bananas, coconuts, mangoes, dried guavas, coffee, tea, spices and some fertilizers are among the products that previously faced a 19 percent levy but will now be exempt from tariffs.

“Their exemption from the 19 percent tariff will enhance the competitiveness of our agricultural exports, increase jobs, and strengthen supply chains,” Go explained.

According to PCCI president Enunina Mangio, the exemptions will provide much-needed relief to exporters, help safeguard jobs, and strengthen the competitiveness of Philippine products in one of our most important markets.

Semiconductor shipments are exempted from reciprocal tariffs, according to the PCCI.

These semiconductor exports are estimated to be $2.5 to 3 billion, supporting economic stability and enhancing the country’s resilience in strategic industries.

With the additional exemptions of agricultural products, a large portion of Philippine exports to the US will now be exempted from the reciprocal tariff.

“The PCCI appreciates the U.S.’s continued support and recognition of the Philippines’ trade leadership. This announcement underscores the strong partnership between our countries and reinforces opportunities for Filipino enterprises to expand,” President Mangio added.

The PCCI will continue working closely with the Department of Trade and Industry to support ongoing trade negotiations with the US, ensuring Filipino businesses remain competitive in key markets.