00:00Former investment banker and economist Joey Salceda,
00:03House Chair of the Powerful Ways and Means Committee,
00:06felt pleasant surprise, not sadness,
00:08on a rather relatively low tariff rate
00:11slapped by the Trump administration
00:13on the country's exports to the United States.
00:15Such amount, he is pretty confident,
00:17will have a weak impact on the country's economy,
00:20given what it receives in military aid
00:22and assistance from the United States
00:24as a favored ally in the region.
00:26Armelis Moras has the full story.
00:31Malacanang has allayed the fears of some of her countrymen
00:34following the new tariffs imposed by the United States
00:37on products from around 100 of its trading partners,
00:40including the Philippines.
00:41According to Palace Press Officer Juse Claire Castro,
00:44this is not believed to significantly impact the country,
00:47especially since with other countries,
00:49the percentage imposed on the Philippines
00:51is significantly lower.
00:53The Department of Trade and Industry
00:54is also upbeat on this latest development,
00:56believing it will still bring strategic opportunities
00:59for the country.
01:30Even House Ways and Means Committee Chair Joey Salceda
01:35was also an economist,
01:36expressed optimism about this development.
01:39He said, sovereign countries can do as they please
01:41with their trade policies,
01:43and he's frankly surprised the tariff rates imposed on us
01:45turned out lower than expected.
01:48Melales Moras from the National TV Network
01:50for a new and better Philippines.
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