The Philippines has quietly secured tariff exemptions that sharply reduce the impact of US President Donald Trump’s 19 per cent import levy – cutting the effective rate on its exports to just over 6 per cent, according to a former senior lawmaker.The exemptions follow President Ferdinand Marcos Jnr’s state visit to Washington last week, where Trump announced that the Philippines would face a 19 per cent tariff rate. This is down from the 20 per cent he had previously threatened, but still...