Trump announces trade agreement with the Philippines and a 19% tariff | CNN Business

CNN  — 

President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement.

The agreement calls for 19% tariffs on goods coming from the Philippines, while American goods shipped there won’t be charged a tariff, Trump said in a post on Truth Social. This comes after the two leaders met in the White House on Tuesday.

“It was a beautiful visit, and we concluded our Trade Deal,” Trump wrote. However, it was not immediately apparent if the two leaders formally signed anything. Similar to other

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