US-Philippines trade talks yield modest tariff shift
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President Trump reveals trade deal with the Philippines after Oval Office meeting with President Ferdinand Marcos Jr., including zero tariffs for the U.S.
Under a 2014 deal, called the Enhanced Defence Cooperation Agreement, or EDCA, the U.S. military has access to Philippine bases and sites for joint training and for facilities such as runways, fuel storage and troop housing. The agreement was expanded in 2023 to allow the United States access to nine locations, up from five before.
President Donald Trump said he has reached a trade agreement with Philippine leader Ferdinand Marcos Jr. after a meeting Tuesday at the White House that will see the U.S. slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there.
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Cebu Daily News on MSNPBBM now in US for talks with Trump on defense, tradePresident Ferdinand R. Marcos Jr. arrived in Washington, D.C. early Monday (Manila time) for a three-day official visit aimed at deepening the Philippines’ strategic partnership with the United States,