President Donald Trump says the United States and the Philippines are “very close to finishing” a big trade deal as he meets with Philippine President Ferdinand Marcos Jr. at the White House.

President Donald Trump announced a trade deal July 22 with the Philippines, hours after the leader of the country paid a visit to the Oval Office ahead of an Aug. 1 reciprocal tariffs deadline. The Southeast Asian country would pay a 19% tariff, Trump said.

The U.S. and the Philippines have reached a trade pact, President Trump said Tuesday. He said on Truth Social that the U.S. will charge Philippine imports a 19% tariff under the deal. In return, Trump said that U.