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Trump sets 19% tariff on Philippines in new trade deal | International Trade News

22 July 2025
in World
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Trump sets 19% tariff on Philippines in new trade deal | International Trade News
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Details about the agreement, which US President Donald Trump announced on Truth Social, are limited

US President Donald Trump announced a trade deal with the Philippines, imposing a 19% tariff on Philippine exports while US goods face zero tariffs. Following a meeting with President Ferdinand Marcos Jr., Trump emphasized military collaboration and noted the Philippines’ shift away from China, amid ongoing concerns regarding US-China trade tensions.

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Tags: dealDonald TrumpEconomyInternationalInternational trademilitaryNewsPhilippinesPoliticssetstarifftradeTrade WarTrumpUnited StatesUS & Canada
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