Trump says Philippines will pay 19% tariffs in deal struck with leader Marcos
President Donald Trump meets with Philippine President Ferdinand Marcos Jr., in the Oval Office of the White House, Tuesday, July 22, 2025, in Washington. (AP Photo/Alex Brandon)
WASHINGTON (AP) — 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 loose framework of a deal comes as the two countries are seeking closer security and economic ties in the face of shifting geopolitics in the Indo-Pacific region.
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