Former House Deputy Minority leader and Bayan Muna Congressman Carlos Isagani Zarate strongly denounces the Trump administration’s imposition of a 17% tariff on Philippine goods as a glaring example of the failure of liberalization and globalization.
“This move by the United States, while preaching open markets and deregulation, is hypocrirical and contradicts its protectionist actions that harm economies like the Philippines,” Zarate said in a statement.
“This is emblematic of the utter failure of liberalization and globalization. While the US forces other countries like the Philippines to open its markets, deregulate industries, privatize utilities, and maintain sub-human wages, it is implementing protectionist measures and doing the opposite of what it is preaching,” Zarate added.
The former Bayan Muna solon highlighted the need for the Philippines to safeguard its “economy, people, and resources from such detrimental actions of imperialist countries like the US.”
He called the Marcos, Jr. administration for a “reevaluation of the onerous treaties and agreements that previous Philippine administrations entered into, which have proven to be gravely detrimental to the Filipino populace.”
“It is high time that we should protect our own economy, people, and resources. We must scrap these onerous treaties and agreements that previous Philippine administrations entered to the detriment of our people,” Zarate stressed.###
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