Trump says U.S. has concluded trade deal with the Philippines, announces 19% tariff
CNBC Televisionยท2025-07-22 18:10
Trade Agreement Announcement - US President announced a trade agreement with the Philippines via social media [2] - The agreement includes a proposed 19% tariff imposed by the US on the Philippines [2] - The Philippines, in turn, will have zero tariffs on the United States [2] - The agreement also involves military cooperation between the two countries [3] Uncertainties and Potential Implications - The exact military agreements related to the trade deal remain unclear [4] - Confirmation from the Philippine government regarding the agreement is pending [4][5] - South China Sea is a significant area of contention for the Philippines, potentially influencing US involvement [5][6]