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Trump announced a trade deal between the US and the Philippines: what it entails

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US President Donald Trump announced a trade deal with the Philippines after meeting with his Filipino counterpart Ferdinand Marcos Jr. The agreement provides for a 19% tariff rate for the Philippines and further military cooperation.

US President Donald Trump states that the US and the Philippines have concluded a trade agreement between the two countries, reports UNN with reference to Sky News.

Details

The agreement was concluded after the US president met today at the White House with his Philippine counterpart Ferdinand Marcos Jr., hinting at the possibility of a "big trade deal" between Washington and Manila.

Trump hopes for trade deal with Philippines22.07.25, 20:31

Announcing the deal on his Truth Social platform, Trump stated that the Philippines would pay a 19% tariff rate, and that the two countries would further "cooperate together militarily."

Trump: new tariffs on trade with the US to take effect from August 1 "without delay"08.07.25, 19:11

Antonina Tumanova News of the World
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