Published: 10:03, July 23, 2025 | Updated: 10:15, July 23, 2025
Trump announces trade deal after meeting Philippine President Marcos
By Xinhua
US President Donald Trump meets with Philippine President Ferdinand Marcos Jr. in the Oval Office of the White House in Washington on July 22, 2025. (PHOTO /AP)

WASHINGTON - US President Donald Trump met his Philippine counterpart, Ferdinand Marcos Jr., on Tuesday at the White House over trade and bilateral relations.

"We concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19 percent Tariff," said Trump in a post on Truth Social, his social media platform.

In a recent letter to Marcos, Trump said the United States would raise tariffs on Philippine goods to 20 percent starting Aug 1.

The White House has not released more details about the trade deal with the Philippines.

Marcos said their bilateral ties have "evolved into as important a relationship as is possible to have".

Also on Tuesday, the White House unveiled more details about the US trade deal with Indonesia, which was announced on July 15.

Indonesia will eliminate approximately 99 percent of tariff barriers for a full range of US industrial, food and agricultural products exported to Indonesia, while the United States will impose a 19 percent tariff on products imported from Indonesia, said a release by the White House.