Cargo shipping containers sit on the Evergreen Ever Fame container ship docked at a container terminal at the Port of Los Angeles in Los Angeles, California on February 3, 2025. President Donald Trump delayed the start of tariffs on neighbors Mexico and Canada for a month February 3, 2025 -- but China remained in the firing line for levies that are putting the global economy on edge. (Photo by Patrick T. Fallon / AFP)
NEW YORK, United States – An escalating trade war between China and the United States faces another flashpoint Tuesday when Chinese ships will be required to start paying a special fee to dock at US ports.
The move, announced by the US Trade Representative (USTR) in April, triggered reciprocal measures from Beijing, which will impose similar fees on US vessels.
The Bangko Sentral ng Pilipinas (BSP) may keep its easing cycle alive well into next year, hoping to jolt an economy weighed down by weak business sentiment and sluggish public spending—local pressures that have begun to eclipse external risks. Miguel Chanco, chief emerging Asia economist at London-based Pantheon Macroeconomics, called last week’s surprise quarter-point rate