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International Business Times
International Business Times
Business

Trump Agrees To Small Reduction In Philippine Tariffs

Donald Trump Ferdinand Marcos Ferdinand Marcos Jr United States Philippines Joe Biden China Barack Obama Rodrigo Duterte Xi Jinping
Filipino President Ferdinand Marcos Jr. speaks alongside US President Donald Trump during a meeting in the Oval Office (Credit: AFP)

US President Donald Trump agreed Tuesday to reduce threatened tariffs on the Philippines, but only by one percentage point, after what he termed a successful meeting with his counterpart Ferdinand Marcos.

Welcoming Marcos to the White House, Trump called him a "very tough negotiator" and said: "We're very close to finishing a trade deal -- a big trade deal, actually."

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