Will US Tariffs Cut Exports? NEDA Chief Says Otherwise
Manila: While some analysts anticipate a decline in Philippine exports due to the imposed tariffs by the United States, the country’s top economist offered a different perspective. According to Philippines News Agency, in a press chat Monday, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said his office has done simulations on the impacts of the United States tariffs and it showed that the country could actually gain from President Donald Trump’s order. Balisacan said two simulations were done. First is that reciprocal tariffs, wherein the Philippines is slapped with a 17 percent tariff rate, lower than its neighboring