President Trump is set to host Philippine President Ferdinand Marcos Jr. to strengthen security and economic ties between the two nations amid rising Chinese assertiveness. Marcos' visit marks a significant engagement as the first Southeast Asian leader to meet Trump in his second term. Discussions will include potential tariffs, as Trump has threatened a 20% tariff on Filipino goods unless an agreement is reached. The Philippines is open to negotiating a bilateral trade deal, including offering zero tariffs on certain U.S. goods.
"I intend to convey to President Trump and his Cabinet officials that the Philippines is ready to negotiate a bilateral trade deal that will ensure strong, mutually beneficial and future-oriented collaborations that only the United States and the Philippines will be able to take advantage of," Marcos said Sunday when he was departing for Washington, according to his office.
Trump has threatened to impose 20% tariffs on Filipino goods on Aug. 1 unless the two sides can strike a deal.
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