Davao City: The National Economic and Development Authority (NEDA) said a Donald Trump victory in the United States elections could affect the Philippine economy, particularly in terms of trade, investment and remittances. Socioeconomic Planning Secretary Ernesto Pernia said he prefers a victory for Democratic candidate Hillary Clinton rather than Republican bet Trump. Unlike a possible policy continuity under Clinton, Trump’s government would be protectionist and tend to transform the US into an inward-looking economy, Pernia said. “There will be impact on trade, investment . Leather said the most likely scenario is that Trump would use the threat of tariffs as leverage in trade negotiations.

Source: Manila Times November 08, 2016 16:39 UTC