U.S. President Donald Trump announced on Tuesday a new 19% tariff rate for goods from the Philippines after what he called a "beautiful visit" by Philippine President Ferdinand Marcos Jr. to the White House,

President Donald Trump hosted Philippine President Ferdinand “Bongbong” Marcos Jr. at the White House on Tuesday to discuss security in the Indo-Pacific and possibly hammer out a trade deal between the United States and its oldest regional military ally.

"I think trade is in a very good place with China," Bessent told Fox Business Network's Mornings With Maria program. He added that the meetings with his Chinese counterparts would take place next Monday and Tuesday with discussions over rebalancing the U.