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Trump announces US-Philippines trade deal: Tariffs to drop to 19%, 'open market' secured

US-Philippines Trade Deal: As part of the deal, the US will reduce tariffs on imports from the Southeast Asian nation to 19 percent.

July 22, 2025 / 23:33 IST
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The United States has finalized a trade agreement with the Philippines, US President Donald Trump announced on Tuesday. As part of the deal, the US will reduce tariffs on imports from the Southeast Asian nation to 19 percent.

"We concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States," Trump said in a post on his Truth Social platform after hosting Philippine President Ferdinand Marcos Jr. at the White House.

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The Philippines, a former US colony and longtime ally, was among countries confronted by Trump with letters this month warning of 20 percent tariffs on all their goods coming into the United States as of August 1 -- up from a previous threat of 17 percent.