Ian Nicolas Cigaral (Philstar.com) – June 4, 2019 – 4:20pm
MANILA, Philippines — The Philippines could benefit from the escalating US-China tariff battle, as the Southeast Asian country is likely to be among the recipients of trade and investment opportunities as the world’s two largest economies divert imports away from each other to other nations, a global bank said.
In a report sent to reporters Tuesday, Japan-based Nomura said the Philippines could gain 0.1% of its gross domestic product from the US-China trade diversion, adding that the country could capitalize on stronger American demand for typewriter parts and office machines.
Other Philippine products “experiencing the largest increase” in US imports amid the still unresolved tariff wars are prepared unrecorded media for sound, travel goods, handbags and wallets, among others, Nomura said. Read more…
