President Donald Trump has announced a new trade agreement with the Philippines, following a White House meeting with Philippine President Ferdinand Marcos Jr.
The deal sets a 19% tariff on Philippine goods entering the U.S.—a slight reduction from the previous 20% rate, but still much higher than pre-tariff levels. In exchange, U.S. exports to the Philippines will reportedly face zero tariffs. The agreement has sparked debate, with some Philippine officials calling it a 'significant achievement,' while critics argue the minimal tariff reduction undermines fair trade and could hurt Philippine industries.
The talks also touched on broader U.S.-Philippines relations and regional security amid tensions with China.
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