onsdag 23. juli 2025

Trump announces trade agreement with the Philippines and terms of deal with Indonesia

President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia. Both agreements call for 19% tariffs on goods the US imports from the two countries, paid by American businesses, while American goods shipped there won’t be charged a tariff.

Trump’s announcement of the agreement with the Philippines came after he met with Marcos at the White House on Tuesday. “It was a beautiful visit, and we concluded our Trade Deal,” Trump wrote on his social media platform. However, it was not immediately apparent if the two leaders formally signed anything. Similar to other recent trade announcements, few details were initially revealed.