Trump win: Philippines' gain or loss?
On November 5, 2024, the United States held its 60th quadrennial presidential election, with Donald Trump emerging as the 47th US president by a decisive majority. Trump, together with his vice president, JD Vance, are scheduled to be inaugurated on January 20, 2025. With a change in the ruling party from Trump’s electoral victory, many questions boil down to how Trump’s reelection will impact the Philippines. No doubt, former US President Donald Trump’s reelection will have a potential significant impact on the Philippine economy. Based on economic studies and research, as well as media reports, the possible impact lies in the potential shifts in trade, foreign investment and immigration policies as well as economic ties that can likely affect the country’s export markets, foreign investments, foreign assistance and overseas remittances. Furthermore, what may evolve as public policy could also have implications for immigration, climate change and even the Philippines' stake in the West Philippine Sea row with China.
We conclude that despite all the reservations and the uncertainties about the second term of Trump, he could surprise everyone, as he did when he won the US presidency for the second time. Proof is abundant that he committed a lot of blunders in his inaugural term, but he has the opportunity to rectify them in his second term. In this instance, Trump’s main challenge is himself. If he is able to trump himself on his previous missteps, he is likely to sound the trumpet of victory by 2028. Only Trump and time can tell.
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