THE PHILIPPINE government is concerned over US President-elect Donald J. Trump’s plan to impose tariffs on all US imports, which would impact global economic growth, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said.
“I think that the Philippines can work with any government. If at all, if there’s going to be any negative effects is… (if the US) will push through with what the incoming president was saying about the imposition of tariffs… of 20% for non-China and 60% for China goods, that could have an impact on the global economy. And that’s what will worry us,” Mr. Balisacan said at a briefing on Thursday.
Mr. Trump, who was declared the winner of the US presidential elections, has promised to impose 60% tariffs on US imports of Chinese goods, as well as up to 20% tariffs for all imports.
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