FFCCCII condemns US tariff on PH exports

The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) strongly condemns the new 20 percent tariff imposed by US President Donald Trump on all US-bound exports, labeling it as a punitive measure that will harm Filipino businesses.

FFCCCII President Victor Lim stated that the unilateral tariff violates World Trade Organization principles, potentially disrupting supply chains, damaging businesses and consumers, and undermining the global trading system.

The Philippine government, represented by the Office of the Special Assistant to the President for Economic and Investments Affairs and the Department of Trade and Industry, plans to negotiate the US decision.

Government officials are scheduled to travel to Washington D.C. next week for a second round of talks with US Trade Representative Jamieson Greer.

FFCCCII expresses its support for the government's diplomatic efforts to secure fair trade practices and protect the Philippines' national interests and economy.