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Economy

Philippines hits Vietnam with new tariffs on cement imports

Duterte seeks to protect domestic sector amid massive infrastructure drive

President Rodrigo Duterte is pushing ahead with his $180 billion "Build, Build, Build" infrastructure program to attract more foreign investment and create new jobs.   © Reuters

MANILA -- A surge in cement imports, mainly from Vietnam, has prompted the Philippine government to impose tariffs on the construction material, as it seeks to protect domestic industry from cheaper competition.

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