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US President Donald Trump announced a 19% tariff on Philippine imports, claiming it's part of a trade deal where the Philippines removes duties on US goods and they cooperate militarily. The deal, unconfirmed by the Philippines, surpasses Trump's initial tariff threats. This follows similar agreements with other countries, though many key issues remain unresolved, leaving several trade partners, including the EU and Canada, in uncertain situations regarding potential retaliatory measures and ongoing negotiations.

Prepared by Rachel Morgan and reviewed by editorial team.