President Donald Trump announced a new trade agreement with the Philippines after meeting President Ferdinand Marcos Jr.
at the White House. The deal sets a 19% tariff on Philippine goods exported to the U.S., only a slight reduction from the previously threatened 20%. In exchange, U.S. exports to the Philippines will face zero tariffs. The agreement has sparked debate, with some calling it a modest win and others criticizing it as a blow to Philippine industries and fair trade.
The move is seen as part of the U.S. strategy to counter China’s influence in the Indo-Pacific region.
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