US and Philippines sign trade deal – D. Trump

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

WASHINGTON, July 22 (Xinhua) — U.S. President Donald Trump met with his Philippine counterpart Ferdinand Marcos Jr. here on Tuesday to discuss trade and bilateral relations.

“We have a trade deal where the Philippines will have an open market and zero tariffs policy with the United States. The Philippines will pay a 19 percent tariff,” Trump wrote on the Truth Social social network.

In a recent letter to F. Marcos Jr., D. Trump said the U.S. would raise tariffs on Philippine goods to 20 percent effective August 1.

The White House has not yet released more details about the trade deal with the Philippines.

F. Marcos Jr. said ties between the two countries "have evolved into a relationship as important as it can be." -0-

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