Trump pulls U.S. out of Pacific trade deal, loosening Asia ties

admin   •   January 24, 2017   •   9246

U.S. President Donald Trump, watched by (L-R) Vice President Mike Pence, White House Chief of Staff Reince Priebus, head of the White House Trade Council Peter Navarro and senior advisor Jared Kushner, signs an executive order that places a hiring freeze on non-military federal workers in the Oval Office of the White House in Washington January 23, 2017. REUTERS/Kevin Lamarque

U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China’s influence in the region rises.

Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States out of the 12-nation TPP.

Trump, who wants to boost U.S. manufacturing, said he would seek one-on-one trade deals with countries that would allow the United States to quickly terminate them in 30 days “if somebody misbehaves.”

“We’re going to stop the ridiculous trade deals that have taken everybody out of our country and taken companies out of our country,” the Republican president said as he met with union leaders in the White House’s Roosevelt Room.

The TPP accord, backed heavily by U.S. business, was negotiated by former Democratic President Barack Obama’s administration but never approved by Congress.

Obama had framed TPP, which excluded China, as an effort to write Asia’s trade rules before Beijing could, establishing U.S. economic leadership in the region as part of his “pivot to Asia.”

China has proposed a Free Trade Area of the Asia Pacific and has also championed the Southeast Asian-backed Regional Comprehensive Economic Partnership.

Trump has sparked worries in Japan and elsewhere in the Asia-Pacific with his opposition to the TPP and his campaign demands for U.S. allies to pay more for their security.

His trade stance mirrors a growing feeling among Americans that international trade deals have hurt the U.S. job market. Republicans have long held the view that free trade is a must, but that mood has been changing.

“It’s going to be very difficult to fight that fight,” said Lanhee Chen, a Hoover Institution fellow who was domestic policy adviser to 2012 Republican presidential nominee Mitt Romney. “Trump is reflecting a trend that has been apparent for many years.”

Harry Kazianis, director of defense studies at the Center for the National Interest think tank in Washington, said Trump must now find an alternative way to reassure allies in Asia.

“This could include multiple bilateral trade agreements. Japan, Taiwan and Vietnam should be approached first as they are key to any new Asia strategy that President Trump will enact,” he said.

Trump is also working to renegotiate the North American Free Trade Agreement to provide more favorable terms to the United States, telling reporters he would meet leaders of NAFTA partners Mexico and Canada to get the process started.

BUSINESS LEADERS

The new president met with a dozen American manufacturers at the White House on Monday, pledging to slash regulations and cut corporate taxes – but warning them he would take action on trade deals he felt were unfair.

Trump, who took office on Friday, has promised to bring factories back to the United States – an issue he said helped him win the Nov. 8 election. He has not hesitated to call out by name companies he thinks should bring outsourced production back home.

He said those businesses that choose to move plants outside the country would pay a price. “We are going to be imposing a very major border tax on the product when it comes in,” Trump said.

He asked the group of chief executives from companies including Ford Motor Co, Dell Technologies Inc, Tesla Motors Inc and others to make recommendations in 30 days to stimulate manufacturing, Dow Chemical Co Chief Executive Officer Andrew Liveris told reporters.

Liveris said the CEOs discussed the border tax “quite a bit” with Trump, explaining “the sorts of industry that might be helped or hurt by that.”

“Look: I would take the president at his word here. He’s not going to do anything to harm competitiveness,” Liveris said. “He’s going to actually make us all more competitive.”

At part of the meeting observed by reporters, Trump provided no details on how the border tax would work.

The U.S. dollar fell to a seven-week low against a basket of other major world currencies on Monday, and global stock markets were shaky amid investor concerns about Trump’s protectionist rhetoric.

“A company that wants to fire all of its people in the United States, and build some factory someplace else, and then thinks that that product is going to just flow across the border into the United States – that’s not going to happen,” he said.

CUT TAXES AND REGULATIONS

The president told the CEOs he would like to cut corporate taxes to the 15 percent to 20 percent range, down from current statutory levels of 35 percent – a pledge that will require cooperation from the Republican-led U.S. Congress.

But he said business leaders have told him that reducing regulations is even more important.

“We think we can cut regulations by 75 percent. Maybe more,” Trump told business leaders.

“When you want to expand your plant, or when Mark wants to come in and build a big massive plant, or when Dell wants to come in and do something monstrous and special – you’re going to have your approvals really fast,” Trump said, referring to Mark Fields, CEO of Ford.

Fields said he was encouraged by the tone of the meeting.

“I know I come out with a lot of confidence that the president is very, very serious on making sure that the United States economy is going to be strong and have policies – tax, regulatory or trade – to drive that,” he said.

Trump told the executives that companies were welcome to negotiate with governors to move production between states.

(Additional reporting by David Brunnstrom, Doina Chiacu, Susan Heavey, Ayesha Rascoe and David Shepardson; Editing by Jonathan Oatis and Peter Cooney)

Duterte defends Galvez, slams critics over corruption claims in Sinovac deal

Marje Pelayo   •   January 19, 2021

MANILA, Philippines — President Rodrigo Duterte vouched for vaccine czar Secretary Carlito Galvez Jr.’s plan to procure Chinese-made vaccine Sinovac for the government’s vaccination program against coronavirus disease (COVID-19).

This is amid questions on the efficacy of Sinovac and allegations of overpricing.

“I’m telling Gen. Galvez na ang game plan niya, sundin niya (follow his game plan). With or without the investigation, proceed and implement what we plan to do,” President Duterte said.

Duterte revealed that even before the pandemic worsened, he had appealed to Chinese President Xi Jinping regarding the vaccines. In response, the Chinese leader promised to help.

Long before na pumutok ito tumawag na ako kay President Xi Jinping. Tapos sabi ko wala kaming resources. We do not know how to make it. Please do not forget the Philippines,” Duterte said, recalling his conversation with Xi.

Just recently, China committed to provide the Philippines with 500,000 doses of Sinovac vaccines for free.

As for the corruption issue, President Duterte assured that the procurement process will go through the thorough review of Finance Secretary Carlos Dominguez before the pricing and the documentary requirements are finalized. 

Duterte maintained that at this stage, the government is not allowed to speak of the pricing of the Sinovac vaccine as stated in the contract.

“They signed a memorandum of confidentiality. They cannot reveal the price kasi it will result in, na malugi ‘yung iba. — in some countries malugi sila, ‘yung ibang countries, hindi pare-pareho,” Duterte said.

He slammed critics who insist that there is corruption in the vaccine deal.

“Ito ayaw kong ‘yung pa-off tangent na mga tirada ninyo: ‘Bakit ba ito si Duterte Sinovac ng Sinovac?’ I-ano ninyo ang utak sa corruption-corruption. I don’t know why are you so occupied about corruption,” Duterte told critics. 

“Maghanap kayo hindi dito. Baka sa inyo. Baka sa departamento ninyo. Hindi dito sa akin, ” he added.

The Chief Executive also stressed that the government is not forcing anyone to receive and to purchase a particular brand of COVID-19 vaccine. Anyone who wants to procure vaccine other than Sinovac is free to do so just be responsible for the consequences.

“Almost everybody na kilala ko are scrambling to buy itong Pfizer. Well, to me I think it’s a good one. If you want to follow the experience of Norway, go ahead. Nobody will stop you,” he said referring to a report that 23 elderly patients died after receiving the Pfizer-made vaccine.

“We never prohibited anybody from buying from government. We are not — we are not selling, we are buying for the people, libre.” he said. MNP (with reports from Rosalie Coz)

Duterte vouches for China’s Sinovac, says LGUs may choose any vaccine brand

Marje Pelayo   •   January 14, 2021

MANILA, Philippines — President Rodrigo Duterte on Wednesday (January 13) vouched for the efficacy of Sinovac, the COVID-19 vaccine developed in China.

He said the Chinese-made vaccine is “as good as any other” vaccines developed in the United States and Europe.

“Hindi nagkulang ang Chinese sa utak (The Chinese is not lacking in knowledge). They would not venture kung hindi sapat (if it’s not) safe, sure, and secure. Iyang tatlo. It must be safe, sure and secure. That is the guarantee,” the President said.

His remark comes after several local government units (LGUs) opted to choose and procure the brand of their choice other than the ones preferred by the national government. 

“We are not forcing anybody to join the cause of the national government,” Duterte said.

“I am addressing this to the mayors. You can choose any vaccine you like to buy. Wala kaming pakialam kung ano ang pipiliin niyo (We don’t care which one you choose). Hindi kami makialam sa lahat ng bagay in the purchase (We won’t meddle in anything that has to do with the [vaccine] purchase),” he stressed.

But he reminded the local chief executives that it is still the national government that approves whatever medicine or drugs should be made available for public consumption.

The President maintained that he prefers whatever vaccine czar Secretary Carlito Galvez will procure, for after all, he is his representative and that his decision will be the President’s responsibility.

“Ang responsibility niya ay responsibility ko rin. Kung may bulilyaso at the end of the day, akin talaga yang responsibility (His responsibility is my responsibility. If there are problems along the way, at the end of the day, it is my responsibility),” the President stressed.

During the meeting, Galvez confirmed that the national government is set to grant the Chinese drugmaker Sinovac its emergency use authorization (EUA) for its vaccine before February 20.

The official added that initial delivery will be 50,000 doses, followed by 950,000 doses in March then to one to three million in increasing volumes in the succeeding months. 

First 50,000 doses of Sinovac vaccine allotted for health workers — Malacañang

Marje Pelayo   •   January 12, 2021

MANILA, Philippines — Presidential Spokesperson Harry Roque announced that the first 50,000 doses of China’s Sinovac vaccines for coronavirus disease (COVID-19) will arrive in the country next month.

The first shipment of vaccines will be allotted for medical frontliners, Roque said.

The Palace official added that the health workers cannot choose their preferred brand of vaccine because the Sinovac shipment is the only vaccine expected to arrive in the country from February to July.

All other brands are expected to arrive in July onwards.

“Pagdating po sa Pebrero hanggang Hunyo, wala po talagang pagpipilian. Kung ayaw ninyo ng Sinovac, well hindi po kayo pipilitin,” Roque said.

 (Come February until June, there are no other brands to choose from. If you don’t want Sinovac, you will not be forced to take it.)

Una pong (The first) 50,000 will all go to health workers. Mauuna po ang priority areas na health workers na mabibigyan (Health workers in priority areas will be the first to receive the vaccine). Pero ang initial agreement po — although hindi pa po ito in a form of resolution — ay uubusin ang lahat ng healthcare workers sa Pilipinas (The initial agreement — although it is not yet in a form of a resolution— is to inoculate all healthcare workers in the Philippines) before we move on to the next sector,” he added.

Since the inoculation program of the government is free and voluntary, those who are included in the priority list who refuse to be vaccinated will have to sign a waiver, particularly the healthcare workers and senior citizens.

They will have to wait for another vaccine along with the general population, according to Cabinet Secretary Karlo Nograles.

Kung mayroong maa-identify tayong medical frontliners (If there are medical frontliners) for example, who do not wish to be vaccinated, ang mangyayari niyan is, (what will happen is) we will have them sign some sort of waiver or understanding, or a document that they understand the implications of them wavering their slot to get vaccinated,” he said.

“Magiging magulo kung magka-kanya-kanya tayo ng pili ( It would be troublesome if everyone will insist on their preferred brand), then we have to put some order in terms of the queue,” he added.

Meanwhile, Health Undersecretary Maria Rosario Vergeire and Presidential Spokesperson Harry Roque said they are willing to be vaccinated with the Sinovac vaccine. It is approved by the FDA and if they are allowed to be vaccinated according to the prioritization list of the government.

“If we are included in the list of priorities, yes of course. Any type of vaccine as long as it enters the country and it has been issued EUA by the Food and Drug Administration, we are confident that it’s going to be safe and effective,” Vergeire added.

Sinovac Biotech ltd., has yet to apply for Emergency Use Authorization (EUA) from the Philippine regulator. MNP (with reports from Rosalie Coz)

REACH US

The Philippine Broadcast Hub

UNTV, 915 Barangay Philam,

EDSA, Quezon City M.M. 1104

(+632) 8396-8688 (Tel)

info@untv-newsandrescue.com (General inquiries)

ABOUT UNTV

UNTV is a major TV broadcast network with 24-hour programming. An Ultra High Frequency station with strong brand content that appeal to everyone, UNTV is one of the most trusted and successful Philippine networks that guarantees wholesome and quality viewing experience.