PH could benefit from trade wars

A PHILEXPORT official believes a looming trade war between the United States and China may benefit other countries, including the Philippines.

“As a neutral nation, we can only benefit from a trade war, as both protagonists will surely start sourcing from other countries,” said Fred Escalona, executive director of the Philippine Exporters Confederation (Philexport) Cebu.

Escalona said the US trade deficit versus China has always been lopsided in favor of China.

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