Trump sets 19% tariff on Philippines in new trade deal | International Trade News

Details about the agreement, which US President Donald Trump announced on Truth Social, are limited

United States President Donald Trump said he has reached a trade deal with the Philippines, charging it 19 percent tariff rate for goods it exports to the US, while US goods will pay zero tariffs.

The president announced the new agreement on Tuesday on his social media platform Truth Social shortly after his meeting with President Ferdinand Marcos Jr at the White House.

“We concluded our…

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News Source: www.aljazeera.com

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