MANILA, Philippines — A sharp increase in the United States’ tariffs on firearms imports is triggering concerns among local gun manufacturers.
They warn that the new trade barriers could erode
A sharp increase in the United States’ tariffs on firearms imports is triggering concerns among local gun manufacturers.
They warn that the new trade barriers could erode their foothold in a key export market and give subsidized foreign competitors a significant edge.
“The increase in tariff is a big problem for us,” Gina Marie Angangco, president of the Firearms and Ammunition Manufacturers Association of the Philippines (FAMAP) told the Inquirer on Friday.
