US slaps 17% tarriff on PHL exports
US just approved tarriffs miniumum 10% including allied countries like Philippines (its 17%) and others as high as 50%. This may spark global trade war. It negates possible migrationn of Chinese factories to the Phiilippines because of prospective tarriffs on goods expoerted from China.
Its end of globalization?
Perhaps US should rethink this position. It might be the only nation prospering after all is done.
