President Trump is hosting Philippine President Ferdinand Marcos Jr. this afternoon at the White House amid Trump’s threat to impose 20% tariffs on imports from the Southeast Asian island nation.
Marcos also met with Defense Secretary Pete Hegseth this morning to discuss the military alliance between the United States and Philippines, as well as China.
Trade will be the top item on the agenda for Marcos’s meeting with the President of the United States.
In a letter, dated July 9, Trump put President Marcos on notice of the “significant Trade Deficit,” warning that tariffs of 20% will be charged starting on August 1, unless Philippine companies build and manufacture in the United States or the Philippines reduces trade barriers.
“If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 20% that we charge,” President Trump warned.
“If you wish to open your heretofore closed Trading Markets to the United States, and eliminate your Tariff, and Non-Tariff, Policies and Trade Barriers, we will, perhaps, consider an adjustment to this letter.”
“My top priority for this visit is to push for greater economic engagement, particularly through trade and investment, between the Philippines and the United States,” Marcos said, according to the Hill.
The bilateral meeting is scheduled to begin at 11:15 am ET.
Later, this evening, President Trump is scheduled to participarte in a reception with Congressional Republicans.
Watch live below:
The post WATCH LIVE: President Trump Takes Questions While Hosting the President of the Philippines to Discuss Trade and August 1 Tariff Deadline – 11:15 AM ET appeared first on The Gateway Pundit.