Trump, Philippines
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President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia.
Japan, one of the US's largest trading partners, agreed to a "massive" trade deal that would lead to $550bn (£407bn) into the US, Trump says The US will levy a 19% tax on imports from the Philippines and Manila will remove duties on US goods, Trump announced separately The White House has not currently released any information about the deals
U.S. President Donald Trump announced a new 19% tariff rate for goods from the Philippines on Tuesday after what he called a "beautiful visit" by Philippine President Ferdinand Marcos Jr. to the White House,
Trump reset tariffs on goods from Japan imported to the U.S. to 15%, which is lower than the 25% he threatened in a letter earlier this month. He said Japan had agreed to invest $
President Trump on Tuesday offered more specifics surrounding a trade agreement the United States struck with Indonesia, which White House officials said would lower tariffs on American goods to practically zero even as tariffs remain on Indonesian products.