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Trump announces that the US and the Philippines have reached a zero-tariff trade protocol to strengthen military cooperation.
On July 23, U.S. President Trump stated on social media: "Philippine President Ferdinand Marcos and his many representatives have just left the White House. It was a wonderful visit, and we reached a trade protocol where the Philippines will open its market to the United States with zero tariffs.
The Philippines will pay a 19% tariff. In addition, we will work together militarily. I am honored to be with this president. He is highly respected in his country, which is what he deserves. He is also a very excellent and tough negotiator.