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Trump Brand of Protectionism Damaging Philippine Economy

1 Feb 2017 12:00 AM | Anonymous

The Philippine property market could be poised for a slowdown despite the countries strong economic growth rates. One of the most likely causes is the new President of the United States. That's because the newly inaugurated U.S. president has been pushing a mercantilist policy and is fond of protectionist rhetoric. In December, Trump threatened in a tweet to impose a 35 percent tax on products sold in the U.S. by any domestic business that moved operations overseas. The Philippines is a major destination for offshore services and as such would feel the weight of the Presidents potential policies. Click here to read more.

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