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The Trump administration’s tariffs are causing a significant shift in supply chains and diplomacy, with major U.S. corporations and trading partners scrambling to cope with the new rules.
The following is the transcript of an interview with Commerce Secretary Howard Lutnick that aired on "Face the Nation with Margaret Brennan" on July 20, 2025.
THE PHILIPPINES is open to lowering duties on selected imports from the US to zero as part of tariff negotiations with Washington, Finance Secretary Ralph G. Recto said.