This has been circulating online, and many Filipinos don’t seem impressed with the news. Before the president's visit, the tariff was 20%, and now it's 19%. They're calling it a “significant win,” but for real - is it?
we impose lower tariffs (or even none at all) on U.S. products entering the country. so what exactly are we celebrating here?
Feels like we’re being taken for a ride, hyping up something that barely scratches the surface.
Almost like clapping for a clown just because he managed to entertain us so well.
The 19% tariff for the Philippines is the same as the tariff rate for my country. But the tax rate for American products entering our country is zero percent.
What's so commendable about this tax rate? On the one hand, local products exported to the American market will be more expensive, but on the other hand, it will reduce sales due to the high price. On the other hand, quality American goods, which are in demand in other countries, can be obtained at tax-free prices.