According to economist and former lawmaker Joey Salceda, the recent announcement of US President Donald Trump that the US and the Philippines have agreed on a tariff deal that would give a zero tariff on US exports to the Philippines and a 19 percent tariff on Philippine exports to the US,

The new rate is higher than what Trump had threatened when he first unveiled sweeping global tariffs in April.

WASHINGTON (Reuters) -U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.