(MENAFN) Palestinian President Mahmoud Abbas vowed on Wednesday to deal with "any president elected by the American people" following Donald Trump's shock win in Tuesday's election as an Israeli government minister declared that the "era of the Palestinian state is over".

In detail, a statement released by Abbas's office said the administration in Ramallah would "deal with any president elected by the American people on the principle of achieving permanent peace in the Middle East based on the two-state solution".

But in Israel the mood was more triumphant with Prime Minister Benjamin Netanyahu calling Trump a "true friend of Israel".

Israeli Education Minister Naftali Bennett also said Trump's victory offered an opportunity for Israel to renege on the notion of a Palestinian state.