Vehicle

Ricafort said the announcement of US reciprocal tariffs on trade partners somewhat weighed on consumer and business sentiment, as higher US import tariffs or reciprocal tariffs could slow down global trade, investments, employment and overall economic growth worldwide, which could indirectly slow down the local economy as well.

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He also said the election ban on some government spending including vehicle purchases prior to the mid-term elections could also be a peculiar factor that could have also affected vehicle sales in April.