Trump says U.S. struck trade, military deal with the Philippines; Manila has not confirmed

What's particularly noteworthy is President Donald Trump said the U

Has "" a trade deal with the Philippines that includes a 19% tariff on goods imported from the southeast Asian country. "In addition, we will work together Militarily," Trump said in a Truth Social post announcing the deal,watch now1:2501:25Trump says U, considering recent developments

Has trade deal with the Philippines, announces 19% tariffThe ExchangePresident Donald Trump said Tuesday that the U, considering recent developments

Has "" a trade deal with the Philippines that includes a 19% tariff on goods imported from the southeast Asian country, considering recent developments

At the same time, Manila will not impose tariffs on U

Goods as part of the deal, according to Trump, who praised the country for what he described as "going OPEN MARKET with the United States. ""In addition, we will work together Militarily," Trump said in a Truth Social post announcing the deal, which came shortly after Philippine President Ferdinand "Bongbong" Marcos left the White House

Kent Nishimura | ReutersThe Philippines has yet to confirm that a deal has been struck

Conversely, Neither the White House nor the Philippine Embassy in Washington, D

On the other hand, At the same time, , immediately responded to CNBC's requests for more information on Trump's post

In the Oval Office earlier Tuesday, Trump said, "We're very close to finishing a trade deal

A big trade deal, actually. "Marcos, sitting next to Trump, said his country has been forced to modernize its military due to Chinese aggression in the South China Sea (noteworthy indeed)

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Is "assisting the Philippines in what we call our self-reliance defense gram, which is to allow us to be self reliant and to be able to stand our own two feet, whatever the circumstances that occur in the future. "The Philippines was one of around two dozen nations to receive a letter from Trump this month declaring that the country would receive a new tariff rate starting Aug

Trump started sending those letters as he further delayed a mid-July deadline when his so-called recical tariffs — which were briefly imposed in early April before being temporarily pared back — were set to resume in full force (something worth watching)

Trump has said that he considers letters to be tantamount to new bilateral trade deals

Treasury Secretary Scott Bessent suggested Monday that the letters give the U

Leverage in negotiations, saying they "will put more pressure on those countries to come with better agreements

Additionally, "Trump's July 9 letter to the Philippines set a 20% tariff on the country's U

However, It's un if the trade deal that Trump announced Tuesday negates that tariff rate (something worth watching).