Philippines To Go To ‘Open Market' With US: President Marcos Jr
One of the major areas Manila was "asked to be open" was the automobile industry, said Marcos. 'We will open that market and no longer charge tariffs on that."
Trump announced a new trade agreement with the Philippines following the Tuesday meeting. The sides had reached an agreement of 19 per cent tariffs on Filipino exports to the US, down 1 per cent from the announced 20 per cent tariff, which was set to take effect on August 1.
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