About This Trend
The Philippines is an island nation in Southeast Asia.
According to Reuters, President Donald Trump met with Philipine President Ferdinand Marcos Jr. on July 22, 2025, to discuss a potential trade deal between the US and the Philippines. The meeting comes as the two countries are 'very close to finalizing' a trade deal. Trump praised Marcos Jr. as a 'tough negotiator' and criticized Federal Reserve Chairman Jerome Powell as a 'numbskull.' A recent CNN article highlights the connection between Trump and Marcos Jr. through Trump's mother. Meanwhile, the Philippines is facing a new storm that threatens to displace thousands of people, with some areas already experiencing flooding. According to NBC News, a recent AP News article reported that President Trump says the US and the Philippines are 'very close' to finalizing a trade deal. A big trade deal between the two countries could have significant implications for the global economy.