MANILA, April 29 -- President Ferdinand R. Marcos Jr. and Japanese Prime Minister Shigeru Ishiba on Tuesday discussed "better solutions" to counter the economic impact of the tariffs imposed by the United States (US).

"On the status of the global economy, we discussed on the tariff measures taken by the United States, as well as the impact felt on the multilateral free trade regime and the world economy because of the reciprocal retaliations seen with the United States and China," Ishiba said in a joint statement after the bilateral meeting at Malacanan Palace in Manila.

Ishiba said there are ways to address the potential economic challenges, in the wake of the implementation of the US' new tariff policy.

"Many Japanese companies have ...