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Trump Imposes 19% Tariff on Philippines Trade Deal

Trump secures Trade Deal with Philippines, Imposing 19% Tariff on manila’s Exports

Washington ⁤D.C. – Former President Donald Trump announced tuesday that his management has finalized ​a new trade ‍agreement with the Philippines, imposing a 19% tariff on goods exported ‍from Manila to the United ​States, while goods from the U.S. will face zero tariffs. ⁤The declaration came shortly after a meeting ‌between Trump and Philippine President Ferdinand Marcos ⁤Jr. at the White House.

“We concluded our Trade Deal, whereby the Philippines is going OPEN MARKET with the United States,” Trump stated on his social‍ media platform, Truth Social.

The ‍19% tariff rate represents a ​slight reduction ⁣from the 20% rate Trump had previously⁣ threatened ⁤earlier in ​the month. It‌ is indeed higher than the 17% ‌rate announced in April ⁣for reciprocal tariffs on numerous countries and matches the rate set for indonesia, while being⁣ lower than Vietnam’s 20% rate. Last year, the U.S. recorded a ‌trade deficit of nearly ​$5 billion with the Philippines, on a total bilateral goods trade‍ of $23.5 billion.

Marcos, the first southeast Asian leader to meet with Trump​ during his second term,⁤ described‍ the U.S.as⁢ his country’s “strongest, closest, most reliable ally”⁤ at the⁣ commencement of their ‍meeting. ⁢Trump also indicated that the two Pacific​ allies would ⁤deepen their military cooperation,though specific details ⁢were not provided.

Philippine assistant⁢ Foreign Secretary Raquel Solano had previously stated ⁣that trade officials were engaged with their U.S. counterparts to achieve​ a “mutually ‌acceptable​ and mutually beneficial” ‌agreement.

Protests⁤ and Diplomatic⁢ Engagements

As Marcos arrived‌ at the White House, protesters gathered nearby, calling​ for the Philippine leader to address the concerns of Filipino ⁤Americans ⁤and migrant workers who have ​sought support ⁤amidst‍ U.S. immigration enforcement ⁢actions.

Trump ⁢emphasized‍ the significance of the U.S.-Philippine military⁣ relationship, noting,⁣ “They’re a very critically important nation militarily, and‍ we’ve had some great drills lately.”

Marcos, who‍ arrived in Washington on Sunday, also⁢ held meetings with Defense Secretary Pete Hegseth​ and Secretary of State​ Marco Rubio on Monday. His itinerary includes engagements with U.S. business leaders invested in the Philippines. Philippine officials have indicated that Marcos ⁣intends to highlight ​the necessity for‌ the Philippines to​ achieve greater‍ economic strength⁣ to serve ⁣as a robust partner for the U.S. in the⁢ asia pacific region.

Strategic implications for ⁣China

During⁤ discussions in the Oval Office, trump suggested the possibility of ​a notable visit to China in the ⁤”not-too-distant future.” He also pointed out that⁤ the⁣ Philippines had shifted ‌it’s stance‌ away from Beijing ⁣following his election in November.

“The country was maybe tilting ‍toward china, but we un-tilted ⁤it very, very quickly,” Trump remarked.

The U.S. president has recently pursued⁤ a strategy‍ of de-escalation with‍ Beijing, following a ‍pause​ in a reciprocal tariff conflict that had disrupted global trade and supply chains. U.S. Treasury Secretary Scott Bessent is scheduled to meet with‍ Chinese ⁢officials in Sweden next week.

No​ immediate comment was available from President Marcos, who did⁢ not ​address reporters before departing the White ⁤House premises.

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