💨 Abstract

President Donald Trump announced a new 19% tariff rate on Philippine goods following a meeting with Philippine President Ferdinand Marcos Jr. at the White House. Trump described the visit as a “beautiful visit” and stated that the Philippines will have zero tariffs on U.S. goods. The agreement was framed as part of a "Trade Deal" making the Philippines an open market for the U.S. This follows earlier tariff changes for countries like Indonesia and Vietnam.

Courtesy: theprint.in