US 12.5% tariff fallout expected to dislocate supply chains — chamber

The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) warned that the newly imposed 12.5% US tariff on Philippine goods will likely dislocate supply chains and discourage investment, according to a report by BusinessWorld.

FFCCCII President Victor Lim said in a statement that higher tariffs raise costs for consumers, disrupt supply chains, discourage investment, and slow economic growth. He expressed concern that the tariff would undermine the competitiveness of Philippine exports in the US market.

The warning comes as businesses brace for potential disruptions in trade flows between the two countries. The chamber urged the government to engage in diplomatic negotiations to mitigate the impact on local industries.