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
President Donald Trump mentioned Tuesday that the U.S. has “concluded” a commerce cope with the Philippines that features a 19% tariff on items imported from the southeast Asian nation.
Manila won’t impose tariffs on U.S. items as a part of the deal, based on Trump, who praised the nation for what he described as “going OPEN MARKET with america.”
“As well as, we are going to work collectively Militarily,” Trump mentioned in a Reality Social publish asserting the deal, which got here shortly after Philippine President Ferdinand “Bongbong” Marcos left the White Home.
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 data on Trump’s publish.
Within the Oval Workplace earlier Tuesday, Trump mentioned, “We’re very near ending a commerce deal. An enormous commerce deal, truly.”
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