The US and the Philippines have reached a trade deal, on Tuesday after the Oval Office meeting with the Philippine President Ferdinand “Bongbong”, Junior, after the Oval Office meeting.
Mr. Trump announced the outline of a deal True socialThe new tariff rate on products imported from the Philippines will be 19%. The President also said that the Philippines will pick up all tariffs on American goods. The Philippines has not yet confirmed the agreement or any details.
“It was a beautiful journey, and we concluded our business deal, causing the Philippines going to the open market with the United States, and zero tariffs,” wrote by Mr. Trump. “The Philippines will pay 19% tariff. Also, we will work together military. Living with the President was a great honor. He is very respected in his country, as it should be. He should also be a very good, and difficult, conversation.
19% tariff rate is just shy 20% tariff rate The Trump administration was determined to impose on the Philippines. And it is more than the so -called Mutual fee Administration was announced in April 17% import on Philippine.
At his Oval Office meeting with Marcos on Tuesday, Mr. Trump said that the US and the Philippines were “very close” to reach a deal, called Marcos a difficult negotiator.
“We are very close to completing a trade deal, big business deal, in fact, Mr. Trump said on Tuesday, is sitting with Marcos.” And we do a lot of business with you, so a lot of income is coming for both groups. ,
1 August Trump Administration has the current time limit to reach trade agreements with the US or to face high tariff rates on goods sent to the US
