After his meeting with the President of the Philippines, Ferdinand Marcos Jr., on Tuesday, President Trump announced a new trade deal with the Philippines and, hours later, one with Indonesia.
Immediately after his meeting concluded, Trump announced that the Philippines will cease all tariffs and pay a 19% tariff on imports to the Untied States. ” In addition, we will work together Militarily. It was a Great Honor to be with the President. He is Highly Respected in his Country, as he should be,” the President said:
President Ferdinand Marcos, of the Philippines, is just leaving the White House, with all of his many Representatives. It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff. In addition, we will work together Militarily. It was a Great Honor to be with the President. He is Highly Respected in his Country, as he should be. He is also a very good, and tough, negotiator. We extend our warmest regards to the wonderful people of The Philippines!
Just hours later, President Trump announced another deal with the Republic of Indonesia and President Prabowo Subianto — also with no tariffs on American goods. Indonesia, too, will pay 19% on “all of their products coming into the U.S.A.”
” In addition, Indonesia will supply the United States with their precious Critical Minerals, as well as sign BIG Deals, worth Tens of Billions of Dollars, to purchase Boeing Aircraft, American Farm products, and American Energy. This Deal is a HUGE WIN for our Automakers, Tech Companies, Workers, Farmers, Ranchers, and Manufacturers,” Trump said.
It is my Great Honor to announce our Trade Agreement with the Republic of Indonesia, as represented by their Highly Respected President, Prabowo Subianto. It is agreed that Indonesia will be Open Market to American Industrial and Tech Products, and Agricultural Goods, by eliminating 99% of their Tariff Barriers. The United States of America will now sell American Made products to Indonesia at a Tariff Rate of ZERO, while Indonesia will pay 19% on all of their products coming into the U.S.A. — The Best Market in the World! In addition, Indonesia will supply the United States with their precious Critical Minerals, as well as sign BIG Deals, worth Tens of Billions of Dollars, to purchase Boeing Aircraft, American Farm products, and American Energy. This Deal is a HUGE WIN for our Automakers, Tech Companies, Workers, Farmers, Ranchers, and Manufacturers. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!
As The Gateway Pundit reported, the President also announced a third trade deal with Japan, securing a $550 billion investment in the United States and a Reciprocal Tariff rate of 15% to the United States.
“Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits,” Trump said in a statement. “This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it.”
The post Trump Announces Trade Deals with Indonesia and the Philippines – Both Countries Agree to Open Market with ZERO Tariffs on the U.S. but will Pay 19% Tariffs on Exports to U.S. appeared first on The Gateway Pundit.