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Philippines’ GDP may dip 0.1% due to Trump's tariffs - gov't
The Freeman
|April 11, 2025
The government’s economic team estimates that US President Donald Trump’s new tariffs could shave off 0.1% from the country’s gross domestic product (GDP).
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Citing data from the National Economic and Development Authority (NEDA), Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go said the Philippines somewhat lucked out.
According to Go, the Philippines was slapped with a 17% tariff by the US — lower than most other Asian countries, except for Singapore, which received a 10% tariff.
China was slapped with a whopping 54%.
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