Duterte in US policy U-turn after Trump’s election win

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trump_dutertePhilippine President Rodrigo Duterte after Donald Trump’s US election victory abruptly switched from his anti-American rhetoric to a more conciliatory stance, saying he “changed his mind” about the relationship between the two countries given the outcome of  the presidential election.

Duterte said he now no longer wanted to scale back ties with the US after Trump’s victory, suggesting that he expects to have a better relationship with the president-elect than he had with Obama.

“We both like to swear,” Duterte said of Trump, adding that “one little thing, we curse right away. We’re the same.”

Duterte also said  that he now does not intend to cancel military exercises for the next year with the US anymore, pointing out that the election of Trump changed his mind on the issue and the exercises will continue as planned.

The change of Duterte’s views could be related to Trump’s plans to “bring home jobs to America” and the trade protectionism that comes with it, which is a threat to the Philippines large business process outsourcing (BPO) industry, a key pillar of the domestic economy, The sector is also a dominant driver of the commercial property, market in the Philippines.

In research note, Citi Philippines economist Jun Trinidad estimated that the US election could put at risk $1 billion to $2 billion or about 0.4 to 0.7 per cent of Philippine GDP in lost BPO business opportunities which would also dampen the office property market.

Duterte, for his part, thus seems to be keen to develop a positive relationship with Trump after naming Jose Antonio, the chairman of Century Properties Group, as an envoy to the US for trade, investment and economic affairs. Century Properties is building Trump Tower at Century City, a 57-story apartment building in Manila. Trump leased his name to the building for branding.

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Reading Time: 2 minutes

Philippine President Rodrigo Duterte after Donald Trump’s US election victory abruptly switched from his anti-American rhetoric to a more conciliatory stance, saying he “changed his mind” about the relationship between the two countries given the outcome of  the presidential election.

Reading Time: 2 minutes

trump_dutertePhilippine President Rodrigo Duterte after Donald Trump’s US election victory abruptly switched from his anti-American rhetoric to a more conciliatory stance, saying he “changed his mind” about the relationship between the two countries given the outcome of  the presidential election.

Duterte said he now no longer wanted to scale back ties with the US after Trump’s victory, suggesting that he expects to have a better relationship with the president-elect than he had with Obama.

“We both like to swear,” Duterte said of Trump, adding that “one little thing, we curse right away. We’re the same.”

Duterte also said  that he now does not intend to cancel military exercises for the next year with the US anymore, pointing out that the election of Trump changed his mind on the issue and the exercises will continue as planned.

The change of Duterte’s views could be related to Trump’s plans to “bring home jobs to America” and the trade protectionism that comes with it, which is a threat to the Philippines large business process outsourcing (BPO) industry, a key pillar of the domestic economy, The sector is also a dominant driver of the commercial property, market in the Philippines.

In research note, Citi Philippines economist Jun Trinidad estimated that the US election could put at risk $1 billion to $2 billion or about 0.4 to 0.7 per cent of Philippine GDP in lost BPO business opportunities which would also dampen the office property market.

Duterte, for his part, thus seems to be keen to develop a positive relationship with Trump after naming Jose Antonio, the chairman of Century Properties Group, as an envoy to the US for trade, investment and economic affairs. Century Properties is building Trump Tower at Century City, a 57-story apartment building in Manila. Trump leased his name to the building for branding.

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