A òòò½´«Ã½ study finds that during disruptions like the US-China trade war and the COVID-19 pandemic, Philippine imports from the US surge, signaling dependency on American pharmaceuticals, electronics, and food items.
This reveals our vulnerability: the Philippines leans heavily on the very markets at the center of global disruptions.
The study recommends diversifying our import sources by tapping India, the Middle East, ASEAN, and Africa. For electronics and semiconductors specifically, sourcing from Taiwan, South Korea, and Vietnam can help reduce risks tied to US-China technology tensions.
What is a trade war and what can we do in the face of global disruptions?
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