Pres. Trump is posting on Truth Social, the trade deal with Philippines.
The Philippines would open up the market or United States with zero tariffsThe US would impose a 19% tariff on all Philippine importsTrump announces that they will work together militarily as well.
The baseline tariffs are similar to Vietnam except one percentage point less. Vietnam had a tariff rate of 20%.
Here is the full post.
In 2024, the United States recorded total exports to the Philippines of $9.3 billion, while imports from the Philippines were $14.2 billion, resulting in a goods trade deficit of approximately $4.9 billion.
In comparison, Vietnam has a much larger trade deficit with the US:
U.S. Exports to Vietnam: $13.0 billion
U.S. Imports from Vietnam: $136.5 billion
Trade Deficit: –$123.5 billion
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about trump announces deal with philippines 19 tariffs on imports no tariffs on us goods was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump announces deal with Philippines. 19% tariffs on imports. No tariffs on US goods )
Also on site :
- ‘Coven Academy’ Creator Breaks Down Briar’s Family Tree, Dark Magic as an Addiction Metaphor, ‘Misogyny’ Against Witches — and a Deleted Kiss Scene
- The Strokes’ Homecoming Concert in NYC with Beach House, TV on the Radio, and Fcukers Was Indie Music Heaven: Recap + Videos
- U.S. debt is increasingly at the mercy of the market as interest costs surge while elections add more risk to the debt ceiling, ratings agency warns