Rappler
Why farmer groups are worried over Trump’s tariffs
The Federation of Free Farmers (FFF) and the Magsasaka Partylist group are concerned about the potential negative impacts of US President Donald Trump's 17% tariff on Philippine agricultural exports to the US.
FFF chairman Leonardo Montemayor warned that the increased prices for American consumers could lead them to seek cheaper substitutes, potentially harming the local farm sector.
He also cautioned that as other exporting countries face higher tariffs, they might seek new markets, possibly leading to increased competition for local produce within the Philippines.
However, Department of Agriculture Secretary Francisco Tiu Laurel Jr. suggested the new tariff policy could be a silver lining, as competitors face even higher tariffs compared to the Philippines.
Agricultural group SINAG previously stated that the Philippines is not a major agricultural exporter to the US, with key exports being semi-processed goods, and the concrete impact remains to be seen.
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Philippine Agriculture Secretary Francisco Tiu Laurel Jr. believes that the US's imposition of global tariffs may give Philippine agricultural products an edge over those from neighboring countries.
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US President Donald Trump announced a 17% reciprocal tariff on all Philippine goods, effective April 9, as part of his "Liberation Day" tariff plan impacting 11 ASEAN countries.
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Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go will travel to the United States to meet with US Trade Representative Jamieson Greer regarding President Donald Trump's announced 17% reciprocal tariff on Philippine goods.
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The Management Association of the Philippines (MAP) has voiced strong opposition to the new 17 percent import tariff imposed on Philippine goods bound for the United States, deeming it a potential economic crisis.
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Malacañang stated that the 17% reciprocal tariff imposed by the US government on Philippine exports will have a minimal impact on the country.
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