The Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) warned that the United States’ imposition of additional punitive tariffs on Philippine exports could threaten both economic stability and global trade norms.
In a statement, the group criticized the unilateral nature of the US action, saying it violates World Trade Organization (WTO) principles and risks disrupting vital supply chains.
It said the new tariffs could negatively affect businesses and consumers in both countries while undermining the rules-based international trading system.
“FFCCCII support efforts by the government to use diplomacy to negotiate fairness and to protect Philippine national interests and our economy.” it said.
The business federation also called for stronger domestic safeguards to support Philippine industries, including stricter enforcement of anti-dumping laws, intensified anti-smuggling efforts, and assistance for agriculture and manufacturing sectors impacted by unfair trade practices.
“Our domestic industries require and deserve a level playing field in global markets. Protect our workers and farmers.” it said.
To de-escalate tensions and promote sustainable growth, the group proposed several measures such as immediate bilateral consultations with the US, expedited negotiations for a US-Philippines Free Trade Agreement, and greater engagement through WTO mechanisms, and cooperative solutions that promote stability and shared prosperity.
“The FFCCCII remains committed to advocating for fair trade practices and sustainable economic partnerships that benefit all stakeholders,” it said.
