Marcos Meeting With Trump Yields 19% Tariff for Philippines

Philippines' president Ferdinand Marcos Jr. and US President Donald Trump during a meeting in the Oval Office of the White House in Washington, DC, on July 22. — Philippines' president Ferdinand Marcos Jr. and US President Donald Trump during a meeting in the Oval Office of the White House in Washington, DC, on July 22.
Photographer: Yuri Gripas/Abaca/Bloomberg

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By Cliff Harvey Venzon and Akayla Gardner

July 22, 2025 at 4:34 PM UTC

Updated on

July 23, 2025 at 5:03 AM UTC

President Donald Trump said the US reached an agreement with the Philippines setting a 19% tariff on the Southeast Asian country’s exports, a deal Philippine businesses say may push them to look at other markets.

Trump announced the deal on social media Tuesday after meeting with Philippine President Ferdinand Marcos Jr. The minor reduction underscored the difficulty foreign leaders are facing as they attempt to convince the US president to grant relief from his country-based tariffs.