Trump’s tariff on Phl won’t hurt export competitiveness — lawmaker

Tom Emmerhouse Majority Whip

How about we give this guy some grace while he tried to actually do what he’s been campaigning on for years and his mission to protect American companies and workers?”

Emmer said

Ralph Rectofinance Secretary

The CREATE MORE Act will strengthen our ability to attract investors looking to expand or relocate to the Philippines, given the relatively lower tariffs imposed on our exports to the United States. We are also actively pursuing more free trade agreements with our global partners,

Recto indicated

James Stewartco-star

The company said there are multiple factors at play, with the primary driver behind the final decision being this afternoon’s announcement from U.S. President Donald Trump of the U.S. tariffs,

Stewart said

I don’t understand the geopolitical logic, and I have long given up trying. We just have to fortify our own house as much as we can,

Salceda stressed

These tariffs do present challenges, but India’s position remains comparatively favorable,

said S.C Ralhan, president of the Federation of Indian Exports Organisations

It was disappointing that the Philippines was not included in the list of countries that were served a baseline 10 percent tariff increase, given that it has a relatively low trade surplus with the US and has been an ally of the US for some time,

Moody's Analytics Sarah Tan told The Manila Times

The consequences will be dire for millions of people around the globe,

von der Leyen said

As a predominantly domestic-driven economy, we are better positioned to weather the potential negative impacts of the new trade restrictions. Our exports (goods and services) account for around 23 percent of our gross domestic product (GDP). Still, our trade activity with the US is only one percent of GDP (the lowest in the region), in stark contrast to Vietnam’s 26 percent,

he explained

Notably, key U.S. trading partners, including the European Union, and Canada, have signaled upcoming potential retaliatory measures. These developments could heighten trade tensions and disrupt global supply chains, posing downside risks to external-oriented economies like Malaysia if tensions escalate,

the research house noted

The Philippines might see indirect benefits from the US tariffs on other countries. Softer global demand could put downward pressure on oil prices, easing import costs,

he added

And this is hurting, in particular, the most vulnerable citizens.”

she said

We need to continue making strides in this area. The incentives under the CREATE MORE Act, especially the increased power cost deduction, help address these issues,

he said

Ayuda (aid), job retraining, and unemployment assistance should also be ready if there are job losses in these sectors,

he said