US, PH reach trade agreement

MANILA, Philippines — US President Donald Trump and President Ferdinand Marcos Jr. have reached a trade agreement that includes a 19 percent tariff on goods imported from the Philippines.Trump announced the Philippines tariffs agreement after a trade-focused Oval Office meeting with Marcos at the White House on Tuesday (local time)"It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO tariffs. The Philippines will pay a 19 percent Tariff," Trump said in a post on Truth Social."In addition, we will work together Militarily. It was a Great Honor to be with the President. He is highly respected in his Country, as he should be. He is also a very good, and tough, negotiator. We extend our warmest regards to the wonderful people of The Philippines," he added.The 19 percent tariff rate is just shy of the 20 percent tariff rate the Trump administration was set to impose on the Philippines.It is also higher than the so-called reciprocal tariff of 17 percent on Philippine imports the administration announced in April.

MANILA, Philippines — US President Donald Trump and President Ferdinand Marcos Jr. have reached a trade agreement that includes a 19 percent tariff on goods imported from the Philippines. Trump announced the Philippines tariffs agreement after a trade-focused Oval Office meeting with Marcos at the White House on Tuesday (local time) "It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO tariffs.

The Philippines will pay a 19 percent Tariff," Trump said in a post on Truth Social. "In addition, we will work together Militarily. It was a Great Honor to be with the President.

He is highly respected in his Country, as he should be. He is also a very good, and tough, negotiator. We extend our warmest regards to the wonderful people of The Philippines," he added.

The 19 percent tariff rate is just shy of the 20 percent tariff rate the Trump administration was set to impose on the Philippines. It is also higher than the so-called reciprocal tariff of 17 percent on Philippine imports the administration announced in April..