THE outcome of the recent United States elections has raised several questions for the Philippines . While the incoming Trump administration's commitment to increased tariffs has created uncertainty for many countries, the Philippines may find itself in a favorable position. Current indications suggest that the tariff hikes will most likely be targeted first at China, Canada and Mexico. President Ferdinand Marcos Jr.
is right to remain confident that the Philippines will continue to maintain a strong and positive relationship with the United States. This approach is particularly significant in both the geopolitical and economic contexts for the Philippines. President Marcos is committed to strengthening the US' oldest partnership in the Indo-Pacific region. Because of the Trump administration's favorable stance toward bilateral trade, this presents the Philippines with more opportunities to negotiate detailed trade terms across various industries. Additionally, the Philippines Generalized System of Preferences arrangement with the United States, where the program allows products from the Philippines to enter the US duty-free, would permit Philippine industries such as those in manufacturing, electrical machinery, and even apparel, to flourish. This would especially benefit the recent Self-Reliant Defense Posture Revitalization Act, which primarily promotes the development, maintenance and operation of critical military equipment and technology by locally owned companies and also creates many opportunities for US investments in these sectors. According to the Philippine Statistics Authority, US foreign investment in the country rose by 15.7 percent in 2022, particularly in manufacturing, professional and scientific services, and wholesale trade. This recorded the US as the fifth-largest source of approved foreign investment from 2013 through the first quarter of 2024
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