Trump Cuts Tariffs In New Philippines Trade Deal — Here Are The Top 5 Takeaways | US News

President Donald Trump meets with Philippine President Ferdinand Marcos Jr

President Donald Trump meets with Philippine President Ferdinand Marcos Jr.

Photo : AP

  • President Donald Trump has announced a new trade agreement with Philippine President Ferdinand Marcos Jr. following their meeting at the White House. The deal, revealed on Trump’s social media platform Truth Social, lowers tariffs on Philippine exports to the US while eliminating duties on US goods entering the Philippines.
  • The agreement comes amid rising tensions in the Indo-Pacific and growing US efforts to counter China’s influence in the region. Here are the top five takeaways from the deal:

    • Military Cooperation Boosted: Trump highlighted renewed US-Philippine military cooperation, calling the Philippines “a very important nation militarily.” While no specifics were given, both leaders signaled closer defense ties in light of rising tensions in the South China Sea.
    • Economic Motivation: The US ran a $5 billion goods trade deficit with the Philippines last year, with total trade reaching $23.5 billion. Marcos’ government pushed for greater economic engagement to strengthen its domestic economy and deepen its role as a US ally.
    • Diplomatic Significance: Marcos is the first Southeast Asian leader to visit Trump in his second term. He described the US-Philippine alliance as “as important a relationship as is possible to have,” signaling his intent to reinforce longstanding ties amid shifting regional dynamics.
    • Public and Political Reactions: While officials hailed the agreement as “mutually beneficial,” protesters gathered outside the White House, urging Marcos to address concerns from Filipino Americans and migrant workers affected by US immigration policies.
  • Naman Trivedi
    Naman Trivedi author

    Naman is a copy editor at Times Now, with over three years experience in covering US News, politics, global affairs, sports, and other domains. Apart …View More

    End of Article

    Tags

    Share this post:

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Category

    Stay Loud with Faces of Rock!

    Get exclusive rock & metal news, raw live shots, killer interviews, and fresh tracks straight to your inbox. Sign up and fuel your passion for real rock!

    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore