US-Philippines trade deal: Trump says Philippines talks ‘concluded’; Manila to pay 19% tariff
US president Donald Trump on Tuesday announced that the Philippines will pay a 19% tariff under a new trade agreement between the two countries.“It was a beautiful visit, and we concluded our Trade Deal, whereby the Philippines is going open market with the United States and zero tariffs. The Philippines will pay a 19% tariff,” news agency Reuters reported Trump as saying following a meeting with Philippine President Ferdinand Marcos at the White House.
