U.S. President Donald Trump announced a new 19% tariff rate for goods from the Philippines on Tuesday after what he called a "beautiful visit" by Philippine President Ferdinand Marcos Jr. to the White House,

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Critics warn the new rate, a modest shift from the previous 20 per cent, undermines fair trade and puts Philippine industries at a competitive disadvantage.

A 19-percent tariff on Philippine exports to the United States is expected to have minimal impact on economic growth, but potential trade diversion is a concern, according to the Department of Economy,

President Ferdinand Marcos secures a one-percent US tariff cut and defence pledges from US President Donald Trump, but analysts say the deal highlights Manila’s limited leverage and need to diversify.

As the August 1st tariff deadline approaches, President Trump said on social media that the U.S. and the Philippines have reached a trade deal. It comes as the impact of tariffs already in place are becoming more clear as automakers report quarterly earnings.

Philippine President Ferdinand Marcos Jr. listens as US Defense Secretary Pete Hegseth delivers remarks to reporters before a meeting at the Pentagon on July 21, 2025 in Arlington

Luis, President of the Philippine Exporters Confederation, shares his thoughts on who bears the costs of U.S. tariffs ahead of Philippine president Ferdinand Marcos Jr's visit to Washington DC.