U.S. President Donald Trump has announced a new trade agreement with the Philippines after meeting with President Ferdinand Marcos Jr. at the White House. Under the deal, U.S. goods will enter the Philippines tariff-free, while Philippine exports to the U.S. will face a 19% tariff—a slight reduction from the previously threatened 20%. The agreement is being touted by both leaders as a significant achievement, though critics note the reduction is minimal and may strain economic relations. The talks also touched on broader strategic issues, including countering China's influence in the region. The deal comes amid ongoing U.S. negotiations with other Asian allies and rising global trade tensions.
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