Trump’s plan to raise tariffs for imported goods could dent demand for Philippine-made goods

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Trump’s plan to raise tariffs for imported goods could dent demand for Philippine-made goods - Business Mirror

Quick Summary:

The plan of president-elect Donald Trump to raise tariffs for imported products could dent demand for Philippine-made goods, according to the president of Procurement and Supply Institute of Asia (PASIA).

The supply chain expert said these are among the developments expected to occur in the supply chain landscape in the coming years.

According to United Kingdom-based think tank Oxford Economics, early this year, Trump floated the possibility of imposing tariffs of 60 percent or more on Chinese goods and also suggested a blanket 10 percent tariff on all US imports.