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Philippines Trade Deal Concluded With 19% Tariff
The Morning Standard
|July 23, 2025
US President Donald Trump agreed Tuesday to reduce threatened tariffs on the Philippines, but only by one percentage point, after what he termed a successful meeting with his counterpart Ferdinand Marcos.
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Welcoming Marcos to the White House, Trump called him a "very tough negotiator" and said: "We're very close to finishing a trade deal — a big trade deal, actually."
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