24/07/2025
๐๐ช๐ต๐ฎ๐ ๐๐ฐ๐ผ๐ป๐ผ๐บ๐ถ๐๐๐ ๐๐ฟ๐ฒ ๐ฆ๐ฎ๐๐ถ๐ป๐ด ๐๐ฏ๐ผ๐๐ ๐๐ต๐ฒ ๐ก๐ฒ๐ ๐ฃ๐โ๐จ๐ฆ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ ๐๐ฒ๐ฎ๐น
Economists are raising concerns over the recently signed PHโUS trade agreement, warning that it may do more harm than good for local industries. While the deal slightly lowers U.S. tariffs on Philippine exportsโfrom 20% to 19%โit completely removes Philippine tariffs on American automobiles, potentially putting local manufacturers at a disadvantage.
Experts caution that the agreement could deepen the country's economic dependency without offering clear, tangible benefits in return. Many are calling on the government to provide safeguards such as export tax relief, support for industry diversification, and thorough sector-by-sector impact assessments. Transparency and public consultation are also being urged before the dealโs full implementation.
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THE reduction of one percentage point in the tariff rate to be imposed by the United States on Philippine goods starting August 1st may have come at a steep price, according to local economists. On Wednesday, President Marcos said the Philippines struck a deal with the United States for aโฆ