00:00The Department of Finance is seeing an opportunity for tariffs established by the United States in the Philippines.
00:08According to Finance Secretary Ralph Recto, although it is possible for the US President Donald Trump's reciprocal tariff to slow down the economy of the Philippines,
00:21it may have a positive effect on the Philippines.
00:25Only 17% of the tariffs established by the Philippines are being imported to the United States,
00:34which is lower than other countries in Asia.
00:39Because of that, it is possible for the Philippines to choose more products,
00:43or the business leaders in our country will benefit,
00:48especially now that the administration of President Ferdinand R. Marcos, Jr. is encouraging the creation of more laws
00:55that will give incentives to foreign investors in the Philippines.
01:01The good thing is that two-thirds of our economy is domestic consumption,
01:08so we will be affected less than other countries in the region, so to speak.
