President Donald Trump on Tuesday announced a trade deal with the Philippines.
The announcement on social media came shortly after Trump met with Philippines President Ferdinand Marcos Jr., in the Oval Office.
"President Ferdinand Marcos, of the Philippines, is just leaving the White House, with all of his many Representatives. It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs," Trump wrote on TRUTH Social.
President Donald Trump, right, and Ferdinand Marcos Jr., Philippines' president, during a meeting in the Oval Office on Tuesday, July 22, 2025. (Getty Images / Getty Images)
"The Philippines will pay a 19% Tariff. In addition, we will work together Militarily," Trump added. "It was a Great Honor to be with the President. He is Highly Respected in his Country, as he should be. He is also a very good, and tough, negotiator. We extend our warmest regards to the wonderful people of The Philippines!"
This is a developing story. Check back for updates.