TODAY'S EDITORIAL: Tariff cut extension can ease economic pressure
PRESIDENT Ferdinand Marcos Jr.'s decision to extend temporary tariff reductions on imported pork, rice, corn and coal was perhaps a choice that he and the country would rather he did not have to make, but it was a good call. In fact, it was the only choice the President could make, under the circumstances.
Over the weekend, Malacañang announced that the President had approved an extension of the validity of Executive Order 171 up to Dec. 31, 2023. EO 171 was issued by outgoing President Duterte early this year, and reduced duties on pork, corn and rice; it was originally due to expire on December 31 this year. Likewise, reduced tariffs on coal imports also implemented by Duterte will continue, likely beyond the end of next year, the Palace said.
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