Take a look at what’s clicking on FoxBusiness.com.
President Donald Trump on Tuesday introduced a commerce take care of the Philippines.
The announcement on social media got here shortly after Trump met with Philippines President Ferdinand Marcos Jr., within the Oval Workplace.
“President Ferdinand Marcos, of the Philippines, is simply leaving the White Home, with all of his many Representatives. It was an exquisite go to, and we concluded our Commerce Deal, whereby The Philippines goes OPEN MARKET with the USA, and ZERO Tariffs,” Trump wrote on TRUTH Social.
TRUMP SAYS CHINA AGREES TO ‘FULLY’ OPEN COUNTRY’S MARKETS TO US BUSINESSES
President Donald Trump, proper, and Ferdinand Marcos Jr., Philippines’ president, throughout a gathering within the Oval Workplace on Tuesday, July 22, 2025. (Getty Photographs / Getty Photographs)
“The Philippines pays a 19% Tariff. As well as, we’ll work collectively Militarily,” Trump added. “It was a Nice Honor to be with the President. He’s Extremely Revered in his Nation, as he needs to be. He’s additionally an excellent, and hard, negotiator. We lengthen our warmest regards to the great individuals of The Philippines!”
Throughout their assembly within the Oval Workplace, Trump and Marcos Jr. had been requested how the Phillipines would stability its relationship with the USA and China. Trump famous that he has been invited to China by Chinese language chief Xi Jinping, including, “I do not thoughts if he will get together with China as a result of we’re getting together with China very properly.”
“We have to do that with our companions. And once more, our strongest companion is, has all the time been the USA. However after all we’re. We try to kind coalitions and multilateral relations,” Marcos Jr. added.

Ferdinand Marcos Jr., Philippines’ president, throughout a gathering with US President Donald Trump, not pictured, within the Oval Workplace on Tuesday, July 22, 2025. (Yuri Gripas/Abaca/Bloomberg by way of Getty Photographs / Getty Photographs)
A reporter additionally requested whether or not internet hosting U.S. missiles within the Philippines could be thought of “escalatory” by China.
“We’re gonna have an excellent relationship,” Trump mentioned of the U.S. and the Philippines. “I do know you had some issues with one other president, and it was not your fault. It was the president’s fault, and the nation was possibly tilting towards towards China. However we untilted did it very, in a short time. However, , you probably did have you ever had a rustic that was tilting towards China for a time frame. And I simply do not assume that might have been good for you. You could possibly take care of China. We must always take care of China. However after I bought elected, every thing modified and so they got here proper again to us.”
Marcos Jr. mentioned the U.S. missiles got here as a part of the “modernization” of the Philippines’ navy.

President Donald Trump throughout a gathering with Ferdinand Marcos Jr., Philippines’ president, not pictured, within the Oval Workplace on Tuesday, July 22, 2025. (Yuri Gripas/Abaca/Bloomberg by way of Getty Photographs / Getty Photographs)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“We would definitely like, any type of navy spending, we would want that it wasn’t vital, however it’s. And so that’s what we’re doing,” Marcos Jr. mentioned. “The US is helping the Philippines in what we name our self-reliance protection program, which is to permit us to be self-reliant and to have the ability to stand our personal two ft, regardless of the circumstances that happen sooner or later and that, and, the explanation that now we have all now we have inspired, extra interplay with the USA, and it isn’t simply the USA.”
This can be a growing story. Examine again for updates.

