President Donald Trump mentioned Tuesday that the U.S. has “concluded” a commerce take care of the Philippines that features a 19% tariff on items imported from the southeast Asian nation.
Manila is not going to impose tariffs on U.S. items as a part of the deal, in accordance with Trump, who praised the nation for what he described as “going OPEN MARKET with america.”
“As well as, we’ll work collectively Militarily,” Trump mentioned in a Reality Social put up saying the deal, which got here shortly after Philippine President Ferdinand “Bongbong” Marcos left the White Home.
U.S. President Donald Trump and Philippine President Ferdinand Marcos Jr., meet within the Oval Workplace on the White Home in Washington, D.C., U.S., July 22, 2025.
Kent Nishimura | Reuters
The Philippines has but to verify {that a} deal has been struck. Neither the White Home nor the Philippine Embassy in Washington, D.C., instantly reply to CNBC’s requests for extra info on Trump’s put up.
Within the Oval Workplace earlier Tuesday, Trump mentioned, “We’re very near ending a commerce deal. A giant commerce deal, truly.”
Marcos, sitting subsequent to Trump, mentioned his nation has been pressured to modernize its navy as a result of Chinese language aggression within the South China Sea.
He mentioned the U.S. is “aiding the Philippines in what we name our self-reliance protection program, which is to permit us to be self sustaining and to have the ability to stand our personal two toes, regardless of the circumstances that happen sooner or later.”
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