WASHINGTON: US President Donald Trump agreed to a slight reduction in tariffs on Philippine goods after meeting with President Ferdinand Marcos Jr.
The new rate of 19% is one percentage point lower than the initially threatened 20%, though still higher than April’s proposed 17%.
Trump praised Marcos as a “very tough negotiator” and announced progress on a trade deal, stating, “We’re very close to finishing a trade deal—a big trade deal, actually.”
In a follow-up post on Truth Social, Trump claimed the Philippines would open its market to US goods with zero tariffs, though the 19% duty on Philippine exports remains.
The Philippines was among several economies warned of 20% tariffs on US-bound goods starting August 1.
Trump’s latest adjustment follows earlier threats of sweeping global tariffs.
Marcos’s press secretary, Claire Castro, clarified that the zero-tariff arrangement applies only to “certain markets,“ without specifying which.
She downplayed the economic impact, noting only 16% of Philippine exports go to the US, with electronics—exempt from tariffs—making up two-thirds of that share.
Despite trade tensions, defense ties between the US and Philippines remain strong.
Trump highlighted the Philippines as a “most reliable ally,“ while Marcos stressed military modernization efforts in response to South China Sea disputes.
Trump also hinted at a future China visit, saying he would “probably” accept Xi Jinping’s invitation.
He dismissed concerns over Marcos’s relations with Beijing, stating, “We’re getting along with China very well.” - AFP
Hence then, the article about trump reduces philippine tariffs to 19 after marcos meeting was published today ( ) and is available on Daily Sun ( 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 reduces Philippine tariffs to 19% after Marcos meeting )
Also on site :
- Ann Godoff, Penguin Press Founder and Editor, Dies at 76
- WI vs SA Dream11 Prediction Today Match, Dream11 Team Today, Fantasy Cricket Tips, Playing XI, Pitch Report, Injury Update- ICC T20 World Cup 2026, Match 47
- Megan Thee Stallion Has One Question for Juvenile About Their Rumored ‘B.B.B.’ Remix: ‘When You Gonna Drop It?’