Trump tariffs will hurt PH GDP growth by 0.1% in 2 years – NEDA

MANILA, Philippines – If the US pushes through with its 17% reciprocal tariffs on Philippine exports to the US, it will hurt the Philippines’ economic growth by 0.1% in the next two years. 

Special Assistant to the President for Investment and Economic Affairs Frederick Go, in a press briefing in Malacañang on Thursday, April 10 said the government acknowledges that while the Philippines was slapped second to the lowest tariffs next to Singapore’s 10%, it will nonetheless mean higher...