00:00Following the palace reassurance to the public on the new tariffs imposed by the United States
00:05on imports from over a hundred trading partners including the Philippines, House Ways and
00:10Means Committee Chair Joey Salceda believes that the policy shift could also present potential
00:15opportunities.
00:16Salceda acknowledged that sovereign nations have their right to set their own trade policies
00:22and expressed surprise that the tariffs imposed on the Philippines were lower than he initially
00:27expected.
00:28He further noted that compared to its competitors, the Philippines faces relatively lower retaliatory
00:34tariffs suggesting that there may be opportunities worth exploring despite the new trade measures.
