The Daily Tribune
Trump’s 20% tariff impact on manufacturing modest — BoI
The Board of Investments (BOI) anticipates a modest impact on the Philippines' manufacturing sector from the upcoming 20% U.S. tariff on exports.
Around 17% of total Philippine exports to the U.S. will be directly affected by the tariff.
High-value sectors like electronics, which are significant contributors to industrial output, are largely exempt from this tariff.
This exemption is expected to protect key manufacturing segments and help maintain the country's export performance and global competitiveness.
While the tariff might slightly dampen economic momentum due to potentially lower export revenues, the overall effect on manufacturing is projected to be moderate.
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