00:00The Philippine Chamber of Commerce and Industry assured that the Filipinos should not be held accountable for the tariffs imposed by the United States.
00:09This is what Denise Osorio reported.
00:13The businessmen and consumers should not be held accountable for the 17% reciprocal tariffs imposed by the United States on the products exported by the Philippines.
00:23According to the Philippine Chamber of Commerce and Industry Honorary Chairman Sergio Ortiz Luis Jr.,
00:28even if there is a slight inflation in the products exported by the Philippines, it will not affect the consumers.
00:59At present, there is a tariff imposed on the products imported to the United States, which is still increasing by 17%.
01:06The main products exported to the country are coconut oil, textile and garments, animal feeds, automobile parts, and others.
01:14But according to Ortiz, it is possible that there are products that are not in the U.S.
01:28This is the product that is not in the U.S.
01:35For example, coffee, electronic products, pharmaceuticals, maybe they will be exempted.
01:46The PCCI explained that this is also an opportunity to improve the price of the export goods of the Philippines.
01:53We should not be afraid of the tariff of 17% because we are in a better position than our competitors in the U.S.
02:02At present, the tariff imposed by the United States on the Philippines varies from 5% to 35% depending on the products exported.
02:10Denise Osorio for Pambansang TV in Bagong, Philippines.
