Trump, Philippines and tariff rate
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President Donald Trump says the United States and the Philippines are “very close to finishing” a big trade deal as he meets with Philippine President Ferdinand Marcos Jr. at the White House.
The Philippines will aim to bring down the tariff imposed by the US on Philippine exports to 15% from 19%, Manila’s envoy to Washington said, as the Aug. 1 deadline set by President Donald Trump nears.
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Philstar.com on MSNFact check: Did Philippines 'come right back' to US after Trump’s return?Former US President Donald Trump claimed that the Philippines "came right back" to the United States after he won another term in 2024, reversing former President Rodrigo Duterte’s China-leaning policy.
U.S. President Donald Trump has created a lot of leverage on trade with his letters on tariff rates, U.S. Treasury Secretary Scott Bessent told Bloomberg Television in an interview on Wednesday.