Trump announced a new 19% tariff rate for goods from the Philippines after what he called a "beautiful visit" by Philippine President Ferdinand Marcos Jr. to the White House, and said U.S. goods would pay zero tariffs.
Breakdown
- Trump announces a 19% tariff on goods from the Philippines and zero tariffs on U.S. goods. 3s
- The deal follows a White House meeting with Philippine President Ferdinand Marcos, Jr. 17s
- Trump mentions plans for military cooperation with the Philippines but gives no details. 23s
- Marcos highlights the strong alliance between the Philippines and the U.S. 34s
- The 19% tariff matches Indonesia's rate and is below Vietnam's 20% rate. 1m 2s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.