US President Donald Trump and Philippine President Ferdinand Marcos Jr.
have announced a new trade agreement that sets a 19% tariff on Philippine exports to the US, a slight reduction from the previous 20%. In exchange, US goods will face zero tariffs entering the Philippines. The deal, reached during Marcos' visit to the White House, is being hailed by both leaders as a significant achievement, though critics argue the tariff cut is largely symbolic and may disadvantage Philippine industries. The agreement also underscores deepening US-Philippines defense ties amid rising tensions with China in the Indo-Pacific.
Philippine officials say they will continue to push for further tariff reductions in future negotiations.
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