Politics7/28/2025Bloomberg

Tariffs, Duterte Risks Loom as Philippines’ Marcos Charts Last Years in Power

Tariffs, Duterte Risks Loom as Philippines’ Marcos Charts Last Years in Power

Title: Marcos Faces Tariff Talks and Duterte Risks as He Charts the Last Years of His Term Summary: Philippine President Ferdinand Marcos Jr. is set to unveil plans to boost economic growth as he begins the second half of his single six-year term. Marcos has recently held tariff talks with US President Donald Trump, which are likely to be a key focus area for his administration. However, Marcos also faces a range of economic and political risks, including the lingering effects of the COVID-19 pandemic and the legacy of his predecessor, Rodrigo Duterte. Marcos will need to navigate these challenges carefully in order to achieve his growth objectives and solidify his political standing. The outcome of his tariff negotiations with the US and his ability to manage the Duterte-era risks will be crucial in determining the success of his final years in power.

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