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Friday, March 29, 2024

Tariff cuts seen to tame inflation

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The Duterte administration will push for lower tariffs on meat and fish imports to ease the impact of soaring inflation, Malacañang said Sunday. 

Presidential spokesman Harry Roque said President Rodrigo Duterte had hoped to bring affordable food to the Filipinos ever since he assumed office.

“To cushion the impact of rising prices, pushing for lower tariffs on meat and fish imports is one of the proposed measures discussed during the recent meeting between President Duterte’s economic managers and [House] Speaker Gloria Macapagal-Arroyo,” Roque said. 

He said the Duterte’s economic managers were happy to be continuing to work closely with the leaders of the legislature.

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Last Thursday, Arroyo recommended at least five measures to address the impending problems with the rising inflation.

Budget Secretary Benjamin Diokno said the closed-door meeting included talks on reviewing the tariffs to curb rising prices. 

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