Trump announces trade deal after meeting Philippine president

WASHINGTON -- US President Donald Trump met his Philippine counterpart, Ferdinand Marcos Jr., on Tuesday at the White House over trade and bilateral relations.

"We concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19 percent Tariff," said Trump in a post on Truth Social, his social media platform.

In a recent letter to Marcos, Trump said the United States would raise tariffs on Philippine goods to 20 percent starting Aug 1.

The White House has not released more details about the trade deal with the Philippines.

Marcos said their bilateral ties have "evolved into as important a relationship as is possible to have".