Philippines The Economic in Asia may be in danger from US President Donald President Donald J. Trump.
Nomembering Nompora Global report noted that the economic economy has the highest tax rates are sent out, “therefore at the risk of high tax returns.”
“Over 90% of the other posts in India, Philippines, in Thailand and China (placed in the US) with higher rates and high risk tax return.
Data from Nombonda has shown that 100% of the Pilipine’s other Philippine shipping can be less than the higher amounts, representing 2.6% of the full domestic product (GDP).
Mr Trump on Monday said he would announce the strategies to enforce international tax rates in the next two days, Reuters reported.
Mr Trump has made the statement after signing two announcements that eliminates all the release of metal taxes and aluminum presented at the beginning of his first time and suggested activities in both parts to 25%. (Read related issues “In Trade War Latest Salvo, Trump suggests tax rates in aluminum, metal importation”.Selected
Mr Trump said and considered tax values ​​in vehicles, semiconductor chips and medicines.
The tax prices will mean that the US will enforce the same amount of taxes in foreign imports as other countries put on the US Exports.
Leonardo A. Lesano, the economic professor in Ateeeo de Manila University, means that “Tit-Fat-Tat” Policy Policies may interfere with the worldwide,
“As China is the main supplier of the Philippines, any inconvenience or pricing due to revenge or revenge policy can lead to the high cost of Philippine,” said Email.
“This, too, can contribute to inflation or force companies to search for another money (and maybe very expensive),” added.
China is usually a major source of importation in the country, and the United States is the highest shipment area.
“In addition, the United States is a key market for export. If the trade conflict between the US and China reduce the US economy or lead to ensure the global economicism,” Mr Ngahana said.
“This can mistreat Philippine merchants, especially in electronic fields, clothing and agricultural products,” added.
Nomura said it was not clear that Mr Trump would strike the higher rates of reconciliation or across the board.
“If Trump takes the structure of structures, then even the countries with low tax rates can be less taxes in certain fields,” Nomura said.
“We expect Asia’s nature to increase their conversations with Mr. Trump,” he added.
The Nonomura Data has shown that the fees paid 3.3% open at US Exports to the Philippines compare with 1.4% tax events in the US Expendine Excents in the US.
Philippine abundance send to the US with equipment and electronics, Accounting for 67% of export.
Nomura noted that most Asian economies put the high tax prices into agricultural products and transport.
However, the shipment of the US and Transport Products in the US is very low of their neighbors, including 0.2% and 0.1% of the full domestic product (GDP) respectively.
The allocated sectors Nomara with high tax prices include the plastic and rubber ranking and shoes and mixed in Thailand.
It said Thailand was seen as a “big one” in the Southeast Asia between its highest agricultural exposure and travel.
“The shipping of the Thailand for agricultural products in the US including 0.8% of Thai GDP and travel products including another 0.5%.”
At that time, Indonesia, Malaysia, and Vietnam seemed to be “in the middle of the pack,” while the economy produced at least in Singapore and South Korea.
Mr Lenzanzana said the government needed to adopt strategies from the economy from the economy from the tax government, such as the support of the affected industries or investment in the home production.
“Improving the unproductive products, the country may reduce its relying on the importation – especially from the nations such as China – thus reducing the exposure of external trade,” he said.
“Strengthening home production can help create a solid, the available area chains can be taken lightly on international tax conflicts or fluctuations.”
FX pressures
At that time, the research for anz in a different reporting processes the impact of tax policies in Asia.
“To prevent any relief effort in the Asian local markets, the risk of commercial taxes will continue to suspend Asia economies,” said.
“Marketness is seen in the increase in FX’s demand (Avil Exchange) Heads and Safe Goods. Asia FX will remain an endangered and weakening of family growth,” adding.
Anz said the money “great shipping channel to watch” as a regional region in the region of China-US Trade war.
“The risk of an accident from reducing increasing districts will be supported and safe for US dollar. In our opinion, no Asian FX market will be saved by the US-China trade trade,” Add.
The Peto is closed at P57.845 faces a dollar at the end – 2024, postponed P2.475 or 4.28% from P55.37. – Luisa Maria Jacinga C. jocson
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