President Donald Trump has announced a new trade agreement with the Philippines following a meeting with President Ferdinand Marcos Jr. at the White House.
While Manila has secured a deal, many other countries are bracing for new U.S. tariffs set to take effect on 1 August.
Before the talks, Trump had threatened to impose a 20% tariff on Filipino exports. However, after what he called a “very close” and productive negotiation, he confirmed on Truth Social that a deal had been finalised. Under the agreement, the Philippines will remove tariffs on U.S. goods, while Filipino exports to the U.S. will face a 19% tariff.
But the breakthrough comes amid broader trade tensions. The U.S. has yet to reach agreements with dozens of countries. Trump is still threatening tariffs of 35% on Canada and 30% on both Mexico and the European Union if no deals are struck by the start of August.
The White House Press Secretary Karoline Leavitt said the administration is actively working on more deals and expects to announce additional agreements soon.
“The president and our trade team remain deeply engaged with countries around the world,” Leavitt said.
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Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify with Ireland, remarks made during a visit to Dublin that drew a sharp response from pro-British unionists in Northern Ireland.
BRICS leaders have called for maximum restraint over the war in the Middle East, warning against actions that could further worsen tensions as the United States and Iran resume strikes against each other.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
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