Post
Topic
Board Economics
Re: The Philippines supposedly got a 1% tariff discount, is that really a victory?
by
Botnake
on 28/07/2025, 23:59:31 UTC
Marcos attributed the “special relationship” between the US and the Philippines.

One per cent deduction is worth celebrating. If you calculate how much has been saved, it might be enough to carry out a meaningful project in the country. I would have to say that the Philippines obtained grace in the sight of Trump because he just added two per cent to the tariff. I don't think the visit was in vain because other countries have received higher tariffs.  However, opening up the Philippines market to the US might affect the local industries since the US goods will be cheaper. Local industries might go bankrupt because they cannot compete with the US.
I have to admit it’s essential for Philippines to establish a smooth relationship with US, but come to think of it? Are we given the real advantage here, or Trump is only using Marcos to get rid of our local products and patronize those foreign products instead which eventually lose our loyalty to our own locals and that having national pride is no longer observed from us real Filipinos.

If this is a victory for Marcos, I don’t think this is a victory for the whole Philippines.