President Trump announced a 19% tariff on goods from the Philippines after meeting President Marcos Jr., as part of a broader trade and military cooperation deal.

The Philippines hasn’t confirmed the agreement.

The new rate exceeds the earlier 17% threat. Trump’s global tariff push continues, with more hikes set for August 1.

Canada and the EU remain in limbo, warning of retaliation.

The Philippines exported $14.2B to the US last year. Companies like GM and Stellantis report rising costs due to tariffs.