PHILIPPINE TRADE WAR WITH THE WORLD

The US and China trade war is just a lesson for our leaders to learn the significance of trade for alleviating the conditions of our people out from poverty.

This trade war is everywhere in the international news, and it is believed that only a portion of our people is knowledgeable about this issue or many of us  may not have the understanding about it.

We have our own trade war ever since, and we have lost to it due to our unwillingness to engage in the development of our industries in the country, and the refusal of the government to industrialize the economy, and the distaste of our leaders to give attention to business, entrepreneurship, exports, commerce, and encouraging our population for self-employment and micro businesses to start with, and its lack of support  to assist the population to shift focus on businesses as a livelihood  alternative  affected by supply and demand of labor.

Tax incentives and less regulations to businesses specially to  small local capitals that will invite them to put up under lesser restrictions and regulations of the government are prime  incentives to make this country alive in commerce.

The government should be inclined on encouraging the people to start small businesses, and let this atmosphere  thrive everywhere for the sake of developing the economy thru local micro starters that will make people self sufficient and self-employment will reduce the incidence of unemployment in the country.

MORATORIUM

At this point, it is hard to speak about small business be encouraged in the country without speaking about the stiff laws and regulations at hand that is troubling small businessman. We admit that there are laws in the country that almost prevent small capitals to be free from mountains of fees and permits needed before anyone may start. 

Moratorium then could give relax to small capitals in the country to gain  head start, that by less regulations, more tax incentives, tax cuts, tax holidays, exemptions, and among other things can make small capitals flourish for a certain time until  stability of commerce and economy is attained by the country.

President Trump of the US is a businessman and he implemented cutting of regulations, tax cuts, that made new businesses int he US thrive, and it works that's why a growth in the US is now seen about 3 percent, adverse to th epolicies of Obama of raising taxes that had killed more plants and businesses out of the US and plummet growth. Trump made the reverse of more tax cuts and cutting regulations, and the outcome is positive,

For the meantime, we need moratoriums on the sector of business, trade and commerce in order to move this economy by letting in small local capitals survive int he country. This is needed because we have not yet reached levels of our economy that will give us the luxury of imposing regulations that people will be burdened and fail the economy.

TRADE WAR

We should understand that we are in trade war everywhere.  Our deficits to almost every nation we trade with is killing our economy, and these deficits are caused by our very low key manufacturing sector.

Our dollar reserves will deplete easily if our ability to trade or export with other countries is not substantial for surplus, a trade surplus is only the answer.

If we are of trade war mentality like President Trump, there is no way our economy shall suffer because our dynamics will be always be based on figures and we do not want our numbers fall behind our trade partners.

Japan for example has all the cars dump in the country, and we do not have any Filipino cars running in Japan, and that is trade war, a trade deficit  blatantly ruining our dollar reserves.

The kind of Trump mentality is what we need int he Philippines. A Trade War mentality not Drug war so to speak. Drugs is a problem created by impoverished economy, due poverty fuels drug trade.

OUR OWN TRADE WAR

We have our own trade war.

Trade deficit is an economic war, and the situation of the Philippines against China is an economic war so to speak, because unless we resolve the inflated trade gaps with China, our foreign reserves will be wiped out in due time.

Our trade deficit is the cause of the fall of the Peso against the dollar, and the situation must be solved by our  economic managers.

China is the main source of the fall of peso to the US dollar due to we have almost 9 billion USD deficit with them. It is the country that is causing our inflation problem.

A new policy must be introduced by the government.  It is about shifting our attention and energies to multiply our GDP, and to do it is to multiply our factories or the manufacturing sector.

We must decrease regulations, and introduce tax cuts instead of employing the TRAIN law for revenue purposes.

President Trump introduced tax cuts and remove regulations for commerce and trades and made tremendous results that had economic growth rate for them today. It is proof then that raising taxes is not a good idea for revenue measures of a government, the matter is proven by Trump.

Every increment increase of the US dollar reflects to millions of dollars for our maturing loan obligations. That slight movement of exchange rate kills our economy.

We should shift our attention to manufacturing as the lead sector of the government's policies to solve inflation, trade deficits and revenue management. and not the other way around of  direct revenue from taxes. Manufacturing will boost exports that will reduce deficits and improve the Peso.

Revenue solutions should circle into GDP and not direct collections like the TRAIN law.

OUR ECONOMIC WAR

We have our own economic war to begin with.

If the country will not engage to make references of our datas with every countries we trade with, and know our condition and status regarding how we spend our foreign reserves and lose everything in deficits, then we have a big problem.

Economic war is now the norms of countries seeking security in trade and protecting their economy.

There is great competition among everyone today, that trade, exports are the marks of superiority with others. The one country is able to export and sell their products internationally,  overcome its imports by exports, and the outflows of foreign reserves are manage well, then a strong economy is present.

Economic war is the mainstream of nations at the moment. This is seen by the way China and the US are doing to each other to protect its trade, sell their products more than they buy.

so why is it important for our government to embrace the idea of economic war? It is about knowing then that everyday is a business day that our country should be wary to protect our interests and maintain a good economy.

To ensure protection, manufacturing must be brought to the fore of our policies as a priority. We should make all effort to raise the levels of our manufacturing to almost all products making them dollar earners.

We have a low record of manufacturing in the country, and technology is the reason. China has worked for years for its manufacturing to take off and become the factory of the world. The Philippines should aspire this status and bring on the situation that we should seek superiority among other nations at the point of manufacturing. Manufacturing has been the path of China for decades and at present they have reached  that line as an export economy.

The strong manufacturing condition of China cause for her to create the BRI or OBOR in order for them to make headway for their products reach abroad in many different paths, by air, land and sea. They need  OBOR in order to sustain foreign markets of their products, that in contrast will result to the loss of other countries who are weak with manufacturing. Members of OBOR  will find themselves at loss once dynamics of the this schem become operational, that later on they find for themselves this loss.

OUR OWN TRADE WAR

the meaning of Trade War between the US and China has an impact for  the country as its effects to our economy and trade.

We should learn of the situation why President Trump of the United States had brought the matter to the fore of his trade and foreign policies.

The need for issuing tariffs for their imports has something to do with protection for their economy as the main reason.

In years, the US has ignored that China had imposed tariffs to US goods entering China while the US imposed almost zero tariffs to Chinese goods imported to the US. 

the wide trade deficits of US against China has been the formidable reason on the trade policies of the US where this sitting president had noticed that entirely all over the world the US has been the target of unfair trade practices of every country trading with the United States.

For awhile, we should take into consideration of the trade war of the US with China as a lesson for our trade policies also for the Philippines.

It is important also to give attention to the current condition of our trading datas with every country around the world, and learn to employ strategies that will safeguard our trade deficits with everyone.

It is about time time to take serious business about our trade conditions today as the world is in the path of accumulating wealth for their economy in order to be respected in the international community only when our economy is healthy and strong.

MANUFACTURING FOR THE COUNTRY.

Why do we need to discuss topics about economy for the country and why should we push our advocacy for better economic policies by our government at these times?

There are compelling reasons why these matters are important for our discussions today instead of being preoccupied with the drug menace in the country.

the environment of trade and commerce is the reason of setting the stage of economic attention for our government instead of political issues ahead.

We need to have advantage of our international trade where we source our foreign reserves particularly the US dollar.

Without good industrial base such as manufacturing to counter foreign imported products that drain our US dollars,  the economy will be difficult to survive.

The government must give attention to more industries that will counter or reduce importations.

It is only in broader and bigger manufacturing o f the country that we can compete and fight international trade and diminish our trade deficits and be able to have ample ability for foreign debt payments.

Instead of feeding our dollars for bigger importation, we should create more dollar earning industries in the country.