President Donald Trump announced a new trade agreement with Philippine President Ferdinand Marcos Jr., setting a 19% tariff on Philippine goods exported to the US.
The deal, reached during Marcos' visit to the White House, slightly reduces the previously threatened 20% tariff but still imposes significant costs on Philippine exports. In exchange, US goods will reportedly face zero tariffs entering the Philippines. The agreement has sparked debate, with some calling it a diplomatic win for the US and others criticizing it as a blow to Philippine industries.
The deal also highlights the US strategy of leveraging trade to strengthen alliances in the Indo-Pacific amid tensions with China.
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