President Donald Trump and Philippine President Ferdinand Marcos Jr. have announced a new trade agreement following a high-profile White House meeting. Under the deal, U.S. exports to the Philippines will face no tariffs, while Philippine goods entering the U.S. will be subject to a 19% tariff—a marginal reduction from the previous 20%. The agreement is being touted by both leaders as a significant achievement, though critics note the change is largely symbolic and may strain economic ties. The talks also touched on broader strategic issues, including countering China's influence in the region. The outcome reflects ongoing U.S. efforts to reshape trade relationships in Asia, but the modest tariff shift has drawn mixed reactions from business and political observers.
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