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Trump announces trade deal with the Philippines
UNITED STATES, JUL 22 – The US will impose a 19% tariff on Philippine exports while exempting American goods to boost economic ties after a trade deal announcement, officials said.
- After meeting at the White House on Tuesday, President Donald Trump and Philippine President Ferdinand Marcos Jr. revealed a new trade deal between their countries.
- The deal was negotiated amid rising tensions in the South China Sea, where China asserts territorial claims and has clashed with the Philippines over disputed waters.
- The agreement calls for a 19% tariff on Philippine goods entering the U.S. while exempting American goods shipped to the Philippines from tariffs, though full details remain undisclosed.
- Trump described their meeting as "a beautiful visit," adding, "we concluded our Trade Deal," while Marcos emphasized the U.S.-Philippines alliance's role in regional peace and security.
- This agreement strengthens economic and military cooperation between the two nations amid shifting Indo-Pacific geopolitics and China’s increasing regional assertiveness.
211 Articles
211 Articles
Trump cuts Pacific trade deals ahead of August tariff hike
President Donald Trump is finalizing a series of new trade agreements with key Pacific allies. The deals, reached with Japan, the Philippines and Indonesia, aim to lower trade barriers, attract foreign investment and reshape long-standing economic relationships. They are part of a broader push to reset tariff policies before a new round of import hikes takes effect on August 12. What are the key terms of the US-Japan trade deal? President Donald…
Trump announces Philippines trade deal
US President Donald Trump on Tuesday announced a trade deal with the Philippines after a White House meeting with the country’s leader, Ferdinand Marcos Jr. Under the agreement, American goods shipped to the Philippines won’t face any duties, while Philippine exports to the US will see a 19% tariff. That figure is in line with rates other Southeast Asian nations are set to face. Such deals mark short-term wins for US negotiators, but risk underm…
Trump announces Philippine trade deal framework with 19% tariffs after meeting with President Marcos Jr.
President Donald Trump said he has reached a trade agreement with Philippine leader Ferdinand Marcos Jr., following a meeting Tuesday at the White House, that will see the U.S. slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there. Trump revealed the broad terms of the agreement on his social media network and said the U.S. and the Philippines would work together militarily. The announcement of a l…
According to US President Trump, the US has agreed on trade agreements with the Philippines and Japan.
Palace: 19% US-imposed tariff has minimal effect on PH economy
MANILA, Philippines — Malacañang has downplayed the still higher than expected 19-percent reciprocal tariff the United States has imposed on exported Philippines products, saying it will have minimal effects on the country’s economy. “Based on records, the Philippines is not dependent on US exports. In other words, there is an effect, but its impact on
Trump Strikes Trade Deal with Philippines—Includes 19% Tariff on Imports
(Human Events)—President Donald Trump announced a new trade agreement with the Philippines on Tuesday following a meeting at the White House with Philippine President Ferdinand Marcos. According to Trump, the Philippines will open its markets to US goods with zero tariffs, while Philippine exports to the U.S. will be subject to a 19% tariff. The deal also includes an agreement to expand military cooperation between the two countries. Trump gree…
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