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

President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia.

President Trump announced that he had secured a deal with the country that will leave a 19 percent tariff in place, though no details were immediately available.

President Donald Trump said the U.S. has "concluded" a trade deal with the Philippines that includes a 19% tariff on goods from the southeast Asian country.

President Trump said Tuesday that the U.S. and the Philippines have finalized a new trade agreement with zero tariffs on U.S. goods, while Filipino exports to the U.S. will face a 19% tariff. Why it matters: This marks the second trade deal between the U.

President Donald Trump has finalized trade agreements with the Philippines and Indonesia, featuring zero tariffs on American goods, as the August deadline for other countries looms.

Philippine President Ferdinand Marcos Jr. will meet U.S. President Donald Trump this week, hoping Manila's status as a key Asian ally will secure a more favorable trade deal before an August 1 deadline.

President Donald Trump announced a trade deal with the Philippines, hours after the leader of the country paid a visit to the Oval Office.