President Donald Trump has announced a new trade agreement with the Philippines, following a White House meeting with President Ferdinand Marcos Jr. The deal sets a 19% tariff on Philippine goods exported to the U.S., a modest reduction from the previously threatened 20%. In return, U.S. goods will reportedly face zero tariffs when entering the Philippines. While both leaders hailed the agreement as a diplomatic achievement, critics note the tariff reduction is minimal and may strain economic ties. The deal comes amid broader U.S. efforts to counter China’s influence in the Indo-Pacific region.
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