Trump Strikes Trade Deals with Philippines, Indonesia

•1y ago

Trump Strikes Trade Deals with Philippines, Indonesia

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President Trump announced new trade agreements with the Philippines and Indonesia, imposing a 19% tariff on goods imported from both countries while eliminating tariffs on US exports. The Philippines deal follows a White House meeting with President Marcos Jr., and is Trump's fifth such agreement in three months. The Indonesia agreement, detailed in a joint statement, includes removing non-tariff barriers like taxes on digital services and pre-shipment inspections. These agreements come as Trump threatens higher tariffs on other countries if they don't reach deals by August 1.

Published 2025-07-23 00:45:14 UTC · Published by JQJO

Published by JQJO Editorial Desk · AI assisted

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Trump Strikes Trade Deals with Philippines, Indonesia | JQJO

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