00:00Well, first of all, we're trying to compare each other's situation.
00:10Kasi yung ibang ASEAN members, ang laki-laki ng tariff nila.
00:19All the way ranging from what? 40?
00:22Hanggang sa 10% sa Singapore, pinakabababa.
00:25Tayo nga mabuti-buti.
00:27We're second from the bottom with 17%.
00:30Pero tinitignan kasi ang sinasabi ko nga sa kanila,
00:35Okay, kung negosyante ka, pwede nyo sasabihin, advantage sa atin ito.
00:42Dahil kaunti lang yung tariff sa atin, mag-export tayo.
00:46Imbis na sila mag-export, dalhin nila rito yung pabrika, whatever it is.
00:52And then, dito mga ano, so 17% lang ang tariff.
00:55Pero, kung isipin mo, kung you keep thinking about this, who do we do business with?
01:03ASEAN.
01:04Kung bagsak sila, who do we do business with?
01:09Kung bumibili sila na 100 tons of, I don't know, coconut, every year, every month, whatever the number is.
01:19Tapos, humiina ang kanilang ekonomiya.
01:21They can only buy 20.
01:25What will we do with the Remnant?
01:28Hahanap na naman tayo ng markets.
01:30But if everybody is down, then everybody's markets will shrink.
01:35So, this is a real problem.
01:38I also had a, actually, good conversation with the Premier of China.
01:44And I asked him, Premier, what do you think?
01:48He says, well, we do not want any of this.
01:51They don't want this war.
01:53And I said, we're very worried because China is the biggest economic driver in the region.
01:59And, of course, we watch very closely what is happening to the economy in China because it affects all of us.
02:06Because, once again, we trade with China.
02:09We have many investments in China and we have many Chinese investments in the Philippines.
02:15So, talagang kung makita mo, wala namang, walang kung matuloy itong regime na unilaterally imposed.
02:28Talagang babagsak.
02:30It has a global effect.
02:33And it is not going to be a good one.
02:34There will be, I believe, a shrinkage in economic activity.
02:41I hope not.
02:42I hope I'm wrong.
02:44But, so, ang aming laging pinag-usapan, what will happen after the 90 days pause is over?
02:51And that's what we will end.
02:55Basically, we're just guessing.
02:58We don't know.
02:59We don't know what will happen between now and July when the 90 days runs out.
03:04We don't know how it will be different from each one country to the other.
03:10The reason I asked the Premier of China is because, sabi ko, you're the center of attention.
03:17So, I wanted to see what your insights were.
03:29You know, since I was in the second place, I'm going to tell you what happens, but it's really important.
03:35I was going to tell him, how about it?
03:36I was going to tell you, I'm going to tell you.
03:38We don't know how it will happen.
03:38But for the others, I guess we can help you.
03:41I'm going to tell you, how about it.
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