PCCI: Filipinos should not worry over U.S. reciprocal tariff on PH imports
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NewsTranscript
00:00Filipinos should not worry about the United States' imposition of a 17% reciprocal tariff
00:06on imported goods from the Philippines, according to the Philippine Chamber of Commerce and
00:11Industry, or PCCI.
00:13The PCCI explained that while the new tariff may cause a slight increase in the prices
00:18of affected products, its overall impact on consumers will be minimal.
00:24The United States has already imposed tariffs on imported goods and the additional 17% will
00:29be applied as well.
00:31This means that some previously tariff-free items will now be subject to taxation.
00:36Despite this, PCCI views the development as an opportunity to improve pricing strategies
00:42for Philippine export goods.