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Trump Agrees To Small Reduction In Philippine Tariffs

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Welcoming Marcos to the White House, Trump called him a “very tough negotiator” and said: “We’re very close to finishing a trade deal — a big trade deal, actually.”

In a social media post shortly afterward, Trump said that while the Philippines would open up completely to US goods, he would still impose a 19 percent tariff on products from the Southeast Asian country, a major exporter of high-tech items and apparel.

“It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs,” Trump wrote on his Truth Social platform.

The Philippines was among two dozen economies confronted by Trump with letters this month warning of 20 percent tariffs on all goods coming into the United States as of August 1.

The 19 percent rate is still above the 17 percent threatened by Trump in April, when he threatened sweeping global tariffs.

 

WASHINGTON, DC – JULY 18: U.S. President Donald Trump arrives for a signing ceremony for the “GENIUS Act” in the East Room of the White House July 18, 2025 in Washington, DC.  (Photo by Anna Moneymaker / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

The trade rift comes despite increasingly close defense relations between the United States and the Philippines, a former US colony and treaty-bound ally that has seen high tensions with China.

The United States last year, under Trump’s predecessor Joe Biden, deployed ground-launched missiles in the Philippines.

Washington has also eyed ammunition manufacturing in the Philippines, despite the closure in 1992 of the US naval base at Subic Bay due to heavy public pressure.

“All of what we consider part of the modernization of the Philippine military is really a response to the circumstances that surround the situation in the South China Sea,” Marcos said next to Trump.

Trump devoted much of the appearance to attacks on his Democratic predecessors Biden and Barack Obama.

“We are essentially concerned with the defense of our territory and the exercise of our sovereign rights,” said Marcos.

“Our strongest, closest, most reliable ally has always been the United States.”

Trump eyes China visit

China and the Philippines have engaged in a series of confrontations in the contested waters of the South China Sea, which Beijing claims almost entirely, despite an international ruling that the assertion has no legal basis.

Trump has frequently questioned allies over their military spending, pondering why the United States should defend them in the NATO alliance.

He has voiced fewer doubts about the Philippines. Both Defense Secretary Pete Hegseth and Secretary of State Marco Rubio in meetings with Marcos on Monday vowed to honor the 1951 Mutual Defense Treaty with the Southeast Asian nation.

The Trump administration has identified China as the top US adversary but the US president has also boasted of his relationship with Chinese counterpart Xi Jinping.

Speaking alongside Marcos, Trump said he would “probably” visit China at Xi’s invitation “in the not-too-distant future.”

He said of Marcos: “I don’t mind if he gets along with China very well, because we’re getting along with China very well.”

Trump added the Philippines had been “maybe tilting toward China” and “we untilted it very, very quickly.”

“I just don’t think that would have been good for you,” Trump said.

The US president credited himself with the shift, although the turn towards Washington began after the 2022 election of Marcos, before Trump returned to power.

Marcos’s predecessor Rodrigo Duterte had flirted with closer relations with China and bristled at US criticism over human rights under Biden and Obama.

Duterte is facing charges of crimes against humanity at the International Criminal Court over a sweeping campaign against drug users and dealers that rights groups say killed thousands.

 

 

 

 

AFP

International News

EPL Sends 162 Players To 2026 World Cup; City Leads With 19

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According to Mundo Deportivo, the Premier League is the top league in terms of player contributions to the 2026 World Cup, sending 162 players to the 48-team tournament.

With the World Cup squad lists finalized, and despite last-minute withdrawals due to injury, such as Belardi from Argentina and Kahr from Germany, it can be concluded that the Premier League is once again leading the world’s major leagues. England’s top flight has solidified its position as the largest source of players for the 48 World Cup teams.

As of June 7th, out of the 1244 confirmed selected players, 13% play in the Premier League, totaling 162 individuals, with 5 clubs contributing at least 10 players each.

Manchester City leads the clubs contributing national team players to the World Cup with 19 players. Following closely among English teams are Arsenal with 16, Manchester United with 12, Crystal Palace with 12, and Liverpool with 11. The English top flight has once again proven its representation in football, and this advantage is now reflected on the World Cup stage.

Although there is a gap with the Premier League, the Bundesliga is still the second-highest contributor of players to the upcoming World Cup in the United States, Mexico, and Canada. Specifically, 100 participating players currently play in the Bundesliga, with Bayern Munich being the largest contributor from the Bundesliga, with 17 players selected. Borussia Dortmund contributed 11 players. In recent years, the Bundesliga’s global influence has continuously increased, with Hoffenheim having 9 World Cup players and Eintracht Frankfurt having 8.

Without Barcelona, La Liga’s presence would be much smaller. Including Gündoğan, Barcelona will have 16 players participating in the World Cup, making it one of the clubs contributing the most players to this World Cup. La Liga has a total of 81 players selected, only half that of the Premier League. After Barcelona, Atlético Madrid is the Spanish club with the most players contributed, with 12, surpassing Real Madrid’s 10, as Real Madrid also suffers from the impact of a poor season performance.

Ligue 1 has a total of 78 players participating in the World Cup, with Paris Saint-Germain accounting for a large proportion. Among these 78 players, nearly 20% come from this newly crowned European champion, specifically 15 players. Following Paris Saint-Germain among Ligue 1 clubs are Lille and Nice, both with 8 players selected.

Italy once had the best league in the world, and now Serie A contributes 66 players to this most important football event, which is also related to the Italian team missing the World Cup for the third consecutive time. AC Milan, which finished fifth in Serie A, is the Italian club with the most World Cup players, with 10.

Another data point that demonstrates the strength of English football is that the EFL Championship, England’s second-tier league after the Premier League, has 36 players participating in the World Cup, which is more than the total of other major European second-tier leagues, such as the 2. Bundesliga with 6, Ligue 2 with 6, Serie B with 5, and Segunda División with 5. In fact, the Championship is among the top ten leagues contributing the most World Cup players, even higher than the Brazilian and Dutch leagues.

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International News

Barca Transfermarket Values: Raphinha, 8 Others Drop, 3 Players Rise

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June 5th, Transfermarkt updated. The new market values of Barcelona players. Three players increased and nine decreased, with Raphinha dropping by 10 million to 70 million euros.

 

Increase (Euros)
Joan-Garcia increased by 5 million to 45 million

Eric-Garcia increased by 5 million to 40 million

Gerard-Martin increased by 10 million to 35 million

Decrease (Euros)
Raphinha decreased by 10 million to 70 million

Kounde decreased by 5 million to 60 million

Balde decreased by 5 million to 50 million

De Jong decreased by 10 million to 35 million

Casado decreased by 2 million to 18 million

Christensen decreased by 1 million to 8 million

Cancelo decreased by 1 million to 8 million

Lewandowski decreased by 1 million to 7 million

Szczesny decreased by 100,000 to 800,000

Unchanged (Euros)
Yamal 200 million

Pedri 150 million

Fermin 100 million

Cubarsi 80 million

Olmo 60 million

Ferran Torres 50 million

Rashford 40 million

Gavi 30 million

Bernal 30 million

Araujo 20 million

Bardghji 15 million

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Bitcoin Drops Below $60,000, First Time Since October 2024

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Bitcoin dropped below $60,000 on Friday, its lowest level since October 2024, just before Donald Trump’s election which propelled it to a record high.

 

The currency fell by about 6 percent around 1615 GMT, to $59.7709, before paring its losses slightly.

The election of Trump, a staunch advocate of cryptocurrencies, to the White House in November 2024 for a second term sparked a wave of enthusiasm in the sector, sending the price of bitcoin soaring to nearly $110,000.

 

AFP

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