The tariff rate for goods imported into the U.S. from both the Philippines and Indonesia will be 19%, the president said.

The Philippines could forgo revenues of between P3 billion and P6 billion a year due to the zero-tariff concession granted to select US goods, according to Finance Secretary Ralph Recto. Speaking to reporters on the sidelines of the 2025 post-State of the Nation Address (Sona) discussions on Tuesday,

President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia.

Bessent based his assumption that there’s a written and signed agreement on the trade deals reached with Indonesia and the Philippines. Notably, Indonesia contests some of Trump’s claims about its deal, and details about the Philippines deal remain scant beyond Trump’s Truth Social posts.

President Trump announced that he had secured a deal with the country that will leave a 19 percent tariff in place, though no details were immediately available.

MANILA, Philippines - The Philippines and Israel are looking to soon forge a free trade agreement (FTA), in line with the government’s thrust to expand global trade partnerships. This

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.

After a lot of big talk on trade, the Trump administration needed a big win. It appears to have just gotten one.

President Donald Trump announced a trade deal with the Philippines, hours after the leader of the country paid a visit to the Oval Office.

President Donald Trump announced new trade agreements with Japan, the Philippines and Indonesia this week as the Trump-imposed August 1 tariff deadline approaches. The U.S.–Japan agreement reduces planned tariffs on Japanese exports from 25% to 15% in exchange for a $550 billion Japanese investment in U.