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U.S. President Donald Trump and Philippine President Ferdinand Marcos Jr., meet in the Oval Office at the White House in Washington, D.C., U.S., July 22, 2025.
Kent Nishimura | Reuters
President Donald Trump said Tuesday that the U.S. has "concluded" a trade deal with the Philippines that includes a 19% tariff on goods imported from the southeast Asian country.
Manila will not impose tariffs on U.S. goods as part of the deal, according to Trump, who praised the country for what he described as "going OPEN MARKET with the United States."
"In addition, we will work together Militarily," Trump said in a Truth Social post announcing the deal, which came shortly after Philippine President Ferdinand "Bongbong" Marcos left the White House.
The Philippines has yet to confirm that a deal has been struck. Neither the White House nor the Philippine Embassy in Washington, D.C., immediately respond to CNBC's requests for more information on Trump's post.
In the Oval Office earlier Tuesday, Trump said, "We're very close to finishing a trade deal. A big trade deal, actually."
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