00:00The Philippines is not safe from the new increase in tariffs imposed by the U.S. on the products it imports.
00:0717% of the tariffs on products imported from the Philippines will be brought to the United States.
00:13U.S. President Donald Trump called the 10% reciprocal tariff on 185 countries or territories
00:16the most unlawful countries in the United States.
00:24It's time to ask the unlawful countries to behave in the United States.
00:30According to the Department of Trade and Industry, the new tariff is good news.
00:34The Philippines is one of the countries with the lowest tariff in Asia compared to Vietnam, China, and Taiwan.
00:42That's why it's possible for big companies in the Philippines to transfer their plants from countries with high tariffs.
00:50But an economist thinks it could affect the price of goods and dollar remittances in the Philippines.
00:57The Philippine Embassy in the United States said it is still studying the effects of the increase in tariffs
01:02with the help of the economic managers of the Philippines.
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