Trump announces trade deal with EU
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The tariff rate for goods imported into the U.S. from both the Philippines and Indonesia will be 19%, the president said.
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Inquirer Opinion on MSNPushing for better trade dealAfter months of grueling negotiations by his trade team, President Marcos came back last week from his face-to-face meeting with United States President Donald Trump at the White House with a 19-percent tariff on Philippine exports to the US.
The Philippines faces a 19% export tariff under a new U.S. trade deal granting tariff-free access to American goods.
The U.S. leader said that Washington would apply a 19 percent tariff on Philippine imports, while Manila has agreed to remove all of its tariffs on American goods.
Philippine President Ferdinand Marcos Jr. will meet U.S. President Donald Trump this week, hoping Manila's status as a key Asian ally will secure a more favorable trade deal before an August 1 deadline.
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DC News Now on MSNTrump announces trade deal with PhilippinesPresident Donald Trump announced a trade deal with the Philippines, hours after the leader of the country paid a visit to the Oval Office.
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Inquirer Business on MSNRecto: PH may lose P3B to P6B a year in US trade dealThe Philippines could forgo revenues of between P3 billion and P6 billion a year due to the zero-tariff concession granted to select US goods, according to Finance Secretary Ralph Recto. Speaking to reporters on the sidelines of the 2025 post-State of the Nation Address (Sona) discussions on Tuesday,