The new rate is higher than what Trump had threatened when he first unveiled sweeping global tariffs in April.

U.S. President Donald Trump said on Tuesday that the Philippines will pay a 19% tariff rate following the conclusion of a trade deal with the United States. "It was a beautiful visit, and we concluded our Trade Deal,

We are thinking about no tax on capital gains on houses,” Trump said during an Oval Office meeting with the president of the Philippines.

President Ferdinand Marcos Jr. and U.S. Secretary of State Marco Rubio have boldly reaffirmed the “ironclad” U.S.-Philippines alliance amid rising tensions in the South China Sea. With China aggressively expanding its military presence,

By David Brunnstrom and Karen Lema WASHINGTON/MANILA (Reuters) -Philippine President Ferdinand Marcos Jr. will meet U.S. President Donald Trump this week, hoping Manila's status as a key Asian ally will secure a more favorable trade deal before an August 1 deadline.

Philippine President Ferdinand Marcos Jr is in Washington DC and will meet his American counterpart, Donald Trump, today in a bid to secure a more favourable trade deal. The UK’s F-35B Lightning fighter jet,