Philippines says mild US tariff drove ‘strong' investor interest


MANILA: The global tariffs announced by US President Donald Trump in April triggered "strong” investor interest in the Philippines, which was threatened with a lower levy than most neighbours, a top trade official said.

New investors are considering setting up shop in the SouthEast Asian nation, while companies seeking to divert orders are looking to tap existing Philippine businesses with excess capacity, Trade Undersecretary Ceferino Rodolfo (pic) said in an interview on Thursday (July 3).

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