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Why is Gov. Imee Marcos Optimistic about the Global Crisis Caused by the US-China Trade War

US-China Trade War


By: Elena Grace Flores

Ilocos Governor Imee Marcos said that she does not have to explain the controversies during her father’s regime. It is enough seeing that most projects of the Marcos patriarch still exist at the present time in service to the people. Despite the expected world crisis brought by the US-China trade war, Gov. Marcos remains optimistic in governing her local territory. She is bound to run for Senator as her brother, Bongbong Marcos refuses to abandon his electoral protest against the presumptive Vice President, Leni Robredo.



YouTube video by UNTV News and Rescue

[VIDEO]: Watch the full interview of Ilocos Norte Governor Imee Marcos as she expresses her opinion on different political issues in the country and talks about various projects that she is implementing for the province of Ilocos Norte.


Abolish NFA

Ilocos Norte Governor Imee Marcos is still optimistic about the country’s current economic situation. However, she calls for the abolition of the National Food Authority (NFA). It is an agency created by her father, the late President Ferdinand Marcos, in 1972. Marcos blames the NFA for the current high prices of rice. She said that it fails to perform its mandate. Marcos, however, said the “tariffication” should be “measured” so as not to affect the livelihood of local farmers.

Kadiwa Revival

The NFA was created through Presidential Decree No. 4. Its abolition, therefore, requires the passage of a law. Several senators have called for NFA’s abolition following issues on rice shortage. Not to mention the soaring prices of the staple. Marcos also presses for the revival of the Kadiwa market system. It was first implemented during her father’s time.


US Control

Meanwhile, the Trump administration is trying to prevent China from getting emerging technologies such as 5G. It is the next generation of wireless. President Donald Trump has been critical of China’s trade practices. He says they restrict access to certain markets and force American firms doing business there to hand over valuable technology and trade secrets.

US-China Trade War

This comes on top of tariffs the U.S. has slapped on some $250 billion of Chinese imports. China has retaliated with its own set of tariffs on U.S. goods. Trump had considered putting a set of sweeping investment restrictions on China but decided to go along with a plan to grant Cfius broader review power, a win for Treasury Secretary Steven Mnuchin, who had been working behind the scenes to diffuse the trade spat.



Misguided Belief

On the other side of the world, Alibaba Group executive vice-chairman Joe Tsai, warns that China’s dispute with America is veering towards becoming a “cold war or a geopolitical war started by the United States”.  “I think what the United States is doing is a reaction to an unfounded fear that China’s rise is somehow going to threaten the national security and well-being of the American people,” said Tsai. But that belief was misguided because of the tremendous integration of national economies,


Stay Optimistic

Tsai believes that the United States would “suffer more” from the dispute – but added he remained optimistic because one should not be in business without optimism. This is actually true with the Ilocos Norte governor. Despite the hardships felt in her province, Gov. Marcos remains optimistic as she speaks about the imported Galunggong that used to be the cheapest fish in the country. She said that the importation is necessary to bring the prices down. Only people who think outside of the box can understand that.

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