United States President Donald Trump said he has reached a trade deal with the Philippines, charging it 19 percent tariff rate for goods it exports to the US, while US goods will pay zero tariffs.

The president announced the new agreement on Tuesday on his social media platform Truth Social shortly after his meeting with President Ferdinand Marcos Jr at the White House.

“We concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States,” Trump said on his Truth Social platform after welcoming Marcos to the White House.

The 19 percent tariff rate was just below the 20 percent threatened by Trump earlier this month , but above the 17 percent rate set in April when Trump announced what he called reciprocal tariff rates for dozens of countries. It matches th

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