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,

Leaders expected to hold talks on bilateral trade days before US tariffs on Philippine goods set to take effect.

President Ferdinand R. Marcos Jr. arrived in Washington, D.C. early Monday (Manila time) for a three-day official visit aimed at deepening the Philippines’ strategic partnership with the United States,

U.S. Treasury Secretary Scott Bessent said on Tuesday that he will meet his Chinese counterpart next week and discuss what is likely to be an extension of an August 12 deadline for higher tariffs. Bessent told Fox Business that trade with China was in "a very good place" and the meetings in Stockholm would take place next Monday and Tuesday.