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flag US and Philippine presidents agree on trade deal, with the US imposing a 19% tariff on Philippine goods.

flag 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%. flag The Philippines will open its market to US products without imposing tariffs. flag The agreement aims to strengthen security and economic ties, especially amid China's increasing influence in the South China Sea. flag Despite the slight tariff reduction, critics argue the deal favors the US and could harm Philippine exports.

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