📊Executive Summary

The US Supreme Court's ruling on reciprocal tariffs is expected to significantly influence the Philippines' trade prospects, particularly in the semiconductor sector, which constitutes a major part of the country's exports. In the first ten months of 2025, the Philippines exported $28.27 billion worth of semiconductors, reflecting an 11.6% year-on-year increase. The ruling could affect the tariff-exempt status of these exports, impacting pricing and competitiveness in the US market. The article highlights the importance of the US as a key export market for the Philippines, accounting for 15.8% of total exports, and suggests that the semiconductor industry's growth is closely tied to US trade policies....