#Latest news with #JaimeAugustoZobeldeAyalaBloomberg21-04-2025BusinessBloombergTycoon Says Trump Tariffs May Hurt Philippines' Trade PartnersPhilippine billionaire Jaime Augusto Zobel de Ayala said any benefit that the Southeast Asian nation may have from the lower US tariffs relative to its regional peers may be limited by the impact of the levies on some of its trade partners. 'Our economy is primarily a service economy and it is consumption driven, making our country in some ways in a better position to weather the negative impacts of the new trade restrictions,' Zobel said on Monday.
Bloomberg21-04-2025BusinessBloombergTycoon Says Trump Tariffs May Hurt Philippines' Trade PartnersPhilippine billionaire Jaime Augusto Zobel de Ayala said any benefit that the Southeast Asian nation may have from the lower US tariffs relative to its regional peers may be limited by the impact of the levies on some of its trade partners. 'Our economy is primarily a service economy and it is consumption driven, making our country in some ways in a better position to weather the negative impacts of the new trade restrictions,' Zobel said on Monday.
21-04-2025
