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US and Philippine presidents agree on trade deal, with the US imposing a 19% tariff on Philippine goods.
US President Donald Trump and Philippine President Ferdinand Marcos Jr. reached a trade agreement, with the US imposing a 19% tariff on Philippine goods, reduced from a threatened 20%.
The Philippines will open its market to US products without imposing tariffs.
The agreement aims to strengthen security and economic ties, especially amid China's increasing influence in the South China Sea.
Despite the slight tariff reduction, critics argue the deal favors the US and could harm Philippine exports.
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Los presidentes estadounidenses y filipinos acuerdan un acuerdo comercial, con los Estados Unidos imponiendo un arancel del 19% a los productos filipinos.