Trump tariffs threaten GCash IPO

But preparations still underway

- By ELIJAH FELICE ROSALES

Globe Telecom Inc. chief finance officer Juan Carlo Puno yesterday said the e-wallet would wait for the best timing before it proceeds with the filing of an initial public offering (IPO).

Puno said the global environment is troubled by uncertainty over the impact of the White House's decision to slap heavier tariffs on trading partners, including the Philippines.

Trump has announced that the US is rocking international trade by hiking tariffs on all imports. The Philippines was hit with a 17-percent tax on its exports to the US, although this is one of the lowest in Southeast Asia.