Farmers warn 17% US tariff harms exports, risks dumping

Farmers and agricultural groups are urging the government to take proactive measures against the upcoming 17% tariff on Philippine goods imposed by the United States.

The Federation of Free Farmers (FFF) warns that even a second-lowest rate among US trade partners could harm the local agricultural sector, increasing export costs and potentially leading to cheaper substitutes for American consumers.

Leonardo Montemayor, FFF chairman, argues that competing countries may support their producers and exporters to offset the tariff effects, leaving Philippine farmers at a disadvantage.

FFF also cautions that as US raises tariffs, exporting countries will possibly be looking for new markets in the Philippines, potentially leading to more products entering the country and competing with local produce.

The group warns of potential dumping by affected countries into the Philippines' market, particularly impacting sectors like coconut, where domestic copra prices could drop due to reduced demand from the US.