President Donald Trump on Tuesday announced two new trade agreements with the Philippines and Indonesia, securing expanded market access for American goods while imposing a 19 percent tariff on imports from both Southeast Asian nations.
The back-to-back announcements came after White House meetings with Philippine President Ferdinand Marcos Jr. and Indonesian President Prabowo Subianto. The agreements mark a major push by the Trump administration to rewrite trade terms with key partners ahead of an August 1 deadline, after which tariffs are set to rise unilaterally on countries without new bilateral deals.
In the first announcement of the day…
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