President Donald Trump announced a new trade agreement with the Philippines following a White House meeting with President Ferdinand Marcos Jr.
The deal sets a 19% tariff on Philippine goods entering the U.S., only a slight reduction from the previous 20% rate. U.S. exports to the Philippines will reportedly face no tariffs. The agreement has sparked debate, with some calling it a modest win for the Philippines and others criticizing it as an inadequate concession that could harm Philippine industries.
The talks also touched on broader U.S. strategy in Asia, including countering China's influence in the region.
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