Trump, Philippines and trade deal
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Inquirer Business on MSNTrade deals boosting risk appetite in Asia, including the PhilippinesThe new US import tariff on goods from Asian countries like the Philippines suggests that President Donald Trump may be taking a “relatively more moderate form” of trade protectionism—a shift that is fueling increased risk appetite among investors.
President Donald Trump said the U.S. has "concluded" a trade deal with the Philippines that includes a 19% tariff on goods from the Southeast Asian country.
By David Brunnstrom and Karen Lema WASHINGTON/MANILA (Reuters) -Philippine President Ferdinand Marcos Jr. will meet U.S. President Donald Trump this week, hoping Manila's status as a key Asian ally will secure a more favorable trade deal before an August 1 deadline.