While it is too early to talk about the impact of Trump's victory on the Philippines, NEDA Secretary Arsenio Balisacan said the planned imposition of tariffs, if implemented, would be a concern.
"If at all there is going to be any negative effects on the administration and it will push through with what the incoming president was saying about the imposition of tariffs...of 20 percent for non-China and 60 percent for China, that could have an impact on the global economy, and that's what will worry us," he said.
Trump has proposed to slap up to 20 percent tariff on all US imports and a 60 percent levy on products from China to raise government revenue and protect American industries from foreign competitors.
Bu hikaye The Philippine Star dergisinin November 09, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin November 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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