Duterte, whom some have dubbed as the “Trump of the East”, made it clear that he feels a sense of personal affinity with the new American leader, whom he has described as a kindred spirit, a fellow strongman and anti-establishment populist. There are, of course, legitimate concerns about the possibility of things spiraling out of control if and when mercurial and larger-than-life figures like Duterte and Trump collide. For now, however, Manila is optimistic about a diplomatic reset with its oldest friend, America.

A spectre was haunting Davos, and its name was Donald Trump.

The full American tax reform is an enormous topic, but its impact at home is what matters, not whether the trade deficit barrows. Similarly, Beijing will respond forcefully to anything like a 35% across-the-board tariff aimed only at China. But in the case of the current BAT, China is best served by focusing on fixing its own house.

The new president plans to combine the power of his country and his personal unpredictability to produce fear and anxiety, which he believes will lead to U.S. benefits and gains. This tactic could win in some cases in the short run, but it’s almost doomed strategically. It will not make the U.S. great again.