THE PHILIPPINES is among the economies in Asia that may be at risk from spillover effects of US President Donald J. Trump’s plan to impose reciprocal tariffs on trade partners, analysts said.
Nomura Global Markets report noted that emerging Asian economies have higher tariff rates on US exports, “thus at risk of higher reciprocal tariffs.”
“Over 90% of the exports of India, the Philippines, Thailand and China (destined for the US) have higher relative tariff rates and are therefore most at risk of higher reciprocal tariffs,” Nomura Global Markets Research said in a report.
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