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USA: 5% tax on immigrants' remittances

The Freeman

|

May 17, 2025

The phrase "uncertainties after uncertainty" best describes the situation we are in since several months ago.

- Fidel O. Abalos foabalos@yahoo.com

Remember Trump's Liberation Day announcements? The weeks leading to that day made us hold our breath wondering how much tariff shall be slapped on our exports to the USA.

Though we were in a better position than most Asian countries, 17% is still huge. The good thing is that, uncertainty disappeared and exporters are now focusing on how to realign their targets, budgets and approaches.

Then came the mid-term election. While, supposedly, only candidates and their avid supporters get to worry, unavoidably, we were too. If the surveys do not show our favored candidates, of course, it's worrisome. However, as the dusts settled, apprehensions as to whether surveys approximate actual results diminish and expectations mount.

Expectations as to whether who the majority put in office are the right candidates for their respective jobs are just another uncertainty.

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