President Donald Trump said Tuesday that the U.S. has "concluded" a trade woody with the Philippines that includes a 19% tariff connected goods imported from the southeast Asian country.
Manila volition not enforce tariffs connected U.S. goods arsenic portion of the deal, according to Trump, who praised the state for what helium described arsenic "going OPEN MARKET with the United States."
"In addition, we volition enactment unneurotic Militarily," Trump said successful a Truth Social post announcing the deal, which came soon aft Philippine President Ferdinand "Bongbong" Marcos near the White House.
U.S. President Donald Trump and Philippine President Ferdinand Marcos Jr., conscionable successful the Oval Office astatine the White House successful Washington, D.C., U.S., July 22, 2025.
Kent Nishimura | Reuters
The Philippines has yet to corroborate that a woody has been struck. Neither the White House nor the Philippine Embassy successful Washington, D.C., instantly responded to CNBC's requests for much accusation connected Trump's post.
In the Oval Office earlier Tuesday, Trump said, "We're precise adjacent to finishing a commercialized deal. A large commercialized deal, actually."
Marcos, sitting adjacent to Trump, said his state has been forced to modernize its subject owed to Chinese aggression successful the South China Sea.
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He said the U.S. is "assisting the Philippines successful what we telephone our self-reliance defence program, which is to let america to beryllium aforesaid reliant and to beryllium capable to basal our ain 2 feet, immoderate the circumstances that hap successful the future."
The Philippines was 1 of astir 2 twelve nations to person a missive from Trump this period declaring that the state would person a caller tariff complaint starting Aug. 1.
Trump started sending those letters arsenic helium further delayed a mid-July deadline erstwhile his alleged reciprocal tariffs — which were concisely imposed successful aboriginal April earlier being temporarily pared backmost — were acceptable to resume successful afloat force.
Trump has said that helium considers letters to beryllium tantamount to caller bilateral commercialized deals. Treasury Secretary Scott Bessent suggested Monday that the letters springiness the U.S. leverage successful negotiations, saying they "will enactment much unit connected those countries to travel with amended agreements."
Trump's July 9 missive to the Philippines acceptable a 20% tariff connected the country's U.S. imports. It is unclear if the commercialized woody that Trump announced Tuesday negates that tariff rate.
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