US To Impose 19% Tariff On Philippines Imports

WASHINGTON (AP) — President Donald Trump says he’s reached a trade agreement with Philippine leader Ferdinand Marcos Jr. following a meeting at the White House. Trump said Tuesday that the U.S. will slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there. The online announcement of a loose framework of a deal comes as the countries are seeking closer security and economic ties in the face of shifting geopolitics in the Indo-Pacific region. Marcos’ government had indicated ahead of the meeting he was prepared to offer zero tariffs on some U.S. goods.