President Trump said Tuesday he will impose a 19% tariff on goods sent from the Philippines to the U.S. while American products entering the Asian island nation won’t be taxed.
Mr. Trump, writing on Truth Social, said President Ferdinand Marcos Jr. was a “tough negotiator” but they reached a pact by the end of the Philippine leader’s visit to the White House.
“It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs,” Mr. Trump said.
Mr. Trump threatened to impose 20% tariffs on goods from the Philippines, effective Aug. 1, an increase from the 17% he announced in April.
They landed on 19%.
“In addition, we will work together Militarily,” Mr. Trump said. “It was a Great Honor to be with the President. He is Highly Respected in his Country, as he should be. He