“The contract provides for 19 percent duties on goods from the Philippines, while American goods sent there will not be loaded with a tariff” – wrote Donald Trump in a pole on Truth Social. This was done after the Tuesday meeting of two leaders in the White House.
“It was a beautiful visit and we have concluded our trade agreement” – wrote President Trump. As noted by CNN,” it was not clear that both leaders formally signed something. As with other recent trade contracts, few details have been revealed. “
See also: Exemption from a well -known car manufacturer. In the background, a trade war
Earlier on Tuesday in the oval office Donald Trump told reporters that he was not ready to conclude a trade agreement with Marcos because “negotiates too sharply“He said, however, that” they will probably agree to something “.
“Unusual agreement” of USA-Philippines on customs
CNN points out that The agreement is quite unusualconsidering that other countries with which Donald Trump allegedly reached the agreement call for a reduction in customs rates compared to the levels that the president threatened to impose in April. In the meantime, goods from the Philippines were charged with a minimum 17 % “mutual” tariff in April before Donald Trump stopped them. Earlier this month he threatened the introduction of 20 % duties on goods from the Philippines from August 1.
See also: Donald Trump announces new duties for six countries. The rates reach 30 percent.
According to the US Department of Trade, In 2024, the United States imported goods from the Philippines worth 14 billion tol. The most important goods sent from there are computers and other electronics, processed food, machinery and clothing. Meanwhile The United States exported Filipino goods worth $ 9 billion.
