The trade deal agreed upon by the Philippines and the United States seems to be tilting in favor of the Philippine semiconductor and electronics industry as it would enjoy lower prices for imported equipment and some raw materials while the garments sector says it might be an uphill battle

President Trump reveals trade deal with the Philippines after Oval Office meeting with President Ferdinand Marcos Jr., including zero tariffs for the U.S.

U.S. President Donald Trump on Tuesday welcomed Philippine President Ferdinand Marcos Jr. to the White House, saying the two countries were close to finalizing a trade agreement. "We're going to talk about trade today and we are very close to finishing a trade deal,

President Donald Trump said he has reached a trade agreement with Philippine leader Ferdinand Marcos Jr. after a meeting Tuesday at the White House that will see the U.S. slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there.