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Reuters

Trump says U.S. will charge 19% tariff on goods from Philippines

Reuters · New
Reuters
Reuters
New

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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