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US tariff may trim PHL GDP growth

27 July 2025
in Business
Reading Time: 5 mins read
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US tariff may trim PHL GDP growth
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By Luisa Maria Jacinta C. Jocson, Senior Reporter

THE United States’ 19% tariff on Philippine goods could cut the Philippines’ gross domestic product (GDP) growth by 0.4 percentage point (ppt), Nomura Global Markets Research said.

In a report, Nomura said the US tariff of 19% on Philippine goods is “fairly high” and poses downside risks to growth.

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