So in other words, the companies in the Philippines donโt have to pay a tariff when they import our products but American companies here will have to pay tariffs on the products they import from the Philippines which the American consumers will have to pay. Got it.
BREAKING: President Trump announces a trade deal has been struck with the Philippines after meeting with their President today:
- ZERO tariffs on U.S. goods imported into the Philippines
- 19% tariff on goods being imported into the U.S. from the Philippines
- Philippines will OPEN their markets to more U.S. goods
This is a very good deal for America ๐บ๐ธ๐บ๐ธ