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President Trump announces a trade agreement with Philippine president Bongbong Marcos that sets a 19% tariff

Philippines–United States relations — President Trump announces a trade agreement with Philippine president Bongbong Marcos that sets a 19% tariff on Philippine exports to the United States, while U.S. goods entering t

Published July 22, 2025· Updated October 28, 2026·1 min read

Context: Philippines–United States relations.

President Trump announces a trade agreement with Philippine president Bongbong Marcos that sets a 19% tariff on Philippine exports to the United States, while U.S. goods entering the Philippines will be exempt from tariffs. [https://edition.cnn.com/2025/07/22/business/trump-philippines-trade-deal (CNN)] [https://www.reuters.com/world/asia-pacific/philippines-pay-19-tariff-trump-says-2025-07-22/ (Reuters)]

Event summary via Wikipedia Current Events (2025-07-22).