You've just summarized the problem of almost every struggling countries in a few lines including my own country. At this point, I don't have hope for restoration again, because i strongly believe that we are affected by both internal and external factors, targeting those in government specifically. We where actually slammed with a 15% tarrif, but I wasn't even bothered because even a 1% tarrif wouldn't have made a significant impact due to the level of corruption.
There isn't really importance of Philippines at the moment, we should realize that it's USA versus the World at the moment. That is the difficult part, we are seeing how things are looking at the moment. There aren't really any solutions to what Trump does, he just does what he does and everyone at American politics enable whatever he does.
He literally took away medical help from 16 million people and gave 3 trillion tax cuts to billionaires. Imagine what kind of president he is, and in return he just takes money from Americans who are now paying tariffs to government for buying stuff from other nations to cover for the tax cuts that he gave to rich people he calls friends. There aren't really confusing to see he is just screwing up.