Contingency measures in place in the event of a commandeering of the BRP Sierra Madre

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Contingency measures in place in the event of a commandeering of the BRP Sierra Madre;  Trade-off in higher tariffs could hurt American consumers more than anyone;  Baguio City LGU issues ultimatum to public utility firms to fix dangling wires;  3 gov't workers in Cordillera named Dangal ng Bayan Awardees 2024  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 8:00 am Bagong Pilipinas Ngayon - 12:00 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:00 pm - 7:00 pm PTV News Tonight -  9:30 pm - 10:30 pm  Saturday & Sunday: ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

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00:00Nightly greetings, one and all.

00:06William Theo here, homegrown and happy to bring you PTV News Now.

00:10This evening's big story, it may be rusting, crumbling, and the biggest eyesore without

00:16a doubt in regional maritime affairs, but the BRP Sierra Madre has been the biggest

00:22bane of a formidable Chinese incursion and takeover of Philippine maritime territories

00:27in the West Philippine Sea.

00:30And the Philippine government has a measure in mind and in place should the Chinese Coast

00:34Guard, PLY, and militia decide to lay a claim on the Ayungin Shoal and commandeer the country's

00:42outpost and bastion of sovereignty in Ayungin Shoal.

00:46So says Philippine Navy Spokesperson for the West Philippine Sea, Rear Admiral Roy Vincent

00:51Trinidad on the country's response on a potential Chinese Navy or Chinese Coast Guard

00:57commandeering of the BRP Sierra Madre in a press briefing in Camp Aguinaldo of late.

01:03Meanwhile, in a recent face-off with CBS News' 60 Minutes, Philippine Secretary of Defense

01:09Gilberto Ciodoro dwelt on a potential commandeering of the BRP Sierra Madre by Chinese naval forces

01:16and made crystal clear the country's intention to seek direct U.S. intervention when that

01:22time comes.

01:23Bottom line, Ciodoro said, their online bullying will somehow, someday stop should the Philippines'

01:29allies come to the country's aid and provide safety and protection to the country's security

01:34patrols and guardians of the nation's sovereignty.

01:38Meanwhile, POTUS Joe Biden has little in common with his political nemesis Donald Trump.

01:44And yet one of Biden's economic policies is the prolongation or retention of America's

01:51tariff policies on certain Chinese products, a plan of action Kamala Harris could possibly

01:56retain should she take over the White House in late January next year.

02:01VOA's Elizabeth Lee shares how such policy retention could hurt U.S. consumers harder

02:08in this report.

02:11This $6 Made in China bike bell could cost $9.60 if additional tariffs proposed by Republican

02:18presidential candidate Donald Trump becomes reality.

02:22We're doing tariffs on other countries.

02:24Other countries are going to finally, after 75 years, pay us back for all that we've done

02:29for the world.

02:30And the tariff will be substantial in some cases.

02:34Meaning Chinese-made products will be hit with as much as a 60 percent tariff under

02:39Trump's plan.

02:40He also says he will implement blanket tariffs of up to 20 percent on all other countries.

02:46Both Trump and the Democratic presidential nominee Kamala Harris say they want to bring

02:51jobs back to the U.S.

02:53A policy about China should be in making sure the United States of America wins the competition

02:59for the 21st century.

03:00The Biden administration kept most of the import taxes put in place during Trump's presidency.

03:07In May, Biden announced further tariff increases on $18 billion worth of Chinese imports, including

03:14a 100 percent import tax on Chinese electric vehicles.

03:18The Biden administration says its tariffs are more strategic, aimed at specific industries,

03:24and that Trump's import tax takes on a broader approach that will cost a middle-class American

03:30household $4,000 more a year.

03:34Tariff estimates are in the range of around $2,000.

03:37Trump says consumers won't be impacted.

03:40Who's going to have higher prices is China and all of the countries that have been ripping

03:44us off for years.

03:46But Chinese businesses are not the ones paying the import taxes, explains supply chain expert

03:52Christopher Tang.

03:53During the election years, everyone is promising the moon.

03:57But the truth of the matter is that the import tariffs are paid by the U.S. firms.

04:02So for an imported Chinese made TV purchased at Costco, it's Costco that pays the import

04:08tax.

04:09When companies are facing high import tariffs, there are two buttons to push.

04:16One is pass the high import costs to the consumers.

04:20The other one is squeeze the Chinese factories to lower the price.

04:24Tang says the risk of pushing Chinese companies to lower the price is poor product quality.

04:31Import taxes may mean fewer made in China labels printed, but that doesn't mean that

04:36there are fewer imports coming from China.

04:39They'll just have a label from a different country, says Tang.

04:43China actually shipped a lot of components and parts to Vietnam, to India for final assembly.

04:51And those end products actually is importing into the U.S. as well.

04:56So therefore, the total effect on China, they still actually export more, but they're

05:02not exporting to U.S. directly.

05:04The World Trade Organization finds tariffs disproportionately affect low income households,

05:10which means a $9.60 bike bell may be out of reach for some consumers if a 60% import tax

05:18is slapped on to Chinese made products.

05:21Elizabeth Lee, VOA News, Washington.

05:27And at this moment, let's turn to PTV's Baguio City Studios and my colleague Audrey Villena

05:33for what's hot and happening in the Cordilleras.

05:36Audrey?

05:56Thank you very much for joining us for this edition of PTV's Baguio City News, I'm Audrey

06:14Villena.

06:15And I'm Audrey Villena for PTV's Baguio City News.

06:22And I'm Audrey Villena for PTV's Baguio City News.

06:47Thank you very much for joining us for this edition of PTV's Baguio City News.

07:14And I'm Audrey Villena for PTV's Baguio City News.

07:21Thank you very much for joining us for this edition of PTV's Baguio City News.

07:34And I'm Audrey Villena for PTV's Baguio City News.

08:05And I'm Audrey Villena for PTV's Baguio City News.

08:19Thank you Audrey and that's a wrap for tonight.

08:21Join us again tomorrow evening for yet another set of major news events here and abroad,

08:25breaking late.

08:26And make it a habit to stay connected by catching the news right here.

08:30I'm William Theoh wishing you all a restful evening and thank you for watching PTV News Now.

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