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U.S. President Donald Trump announced that Washington and Manila are on the verge of finalizing a “big” trade deal, as he hosted Philippine President Ferdinand Marcos Jr. at the White House. The deal signals deepening U.S.-Philippines economic ties and strategic alignment amid intensifying U.S.-China rivalry. Marcos, the first ASEAN leader to meet Trump in his second term, highlighted regional cooperation as the U.S. seeks to bolster its Indo-Pacific presence and counter Beijing’s growing influence in Southeast Asia.

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Transcript
00:00It's a great honor to have President Ferdinand Marcos Jr. of the Philippines, a great family,
00:06great family legacy, and highly respected in this country. I know that because I have many
00:12friends in the Philippines, and there's great respect, or I couldn't say it, so congratulations.
00:17We're going to be talking about trade. We're going to be talking about
00:20war and peace. They're a very important nation militarily, and we've had some great drills
00:27lately. We're back with them. I think I can say that the last administration was not getting along
00:34with them too well. They didn't get along with anybody. They didn't know. Honestly, they didn't
00:39know what they were doing. But we have some fantastic military relationships with the
00:45Philippines, and that's been reinstituted. And Pete, I would say that you couldn't be happier,
00:51right, with the relationship. So I just want to say it's an honor to have you. We're going to talk
00:57about trade today, and we're very close to finishing a trade deal, big trade deal, actually.
01:03And we do a lot of business with you. It's a lot of income coming in for both groups. But I was
01:10surprised to see the kind of numbers. They're very big, and they're going to get bigger under what
01:15we're doing and what we're proposing. And I just want to thank you for being with us. It's a great
01:20honor. You and your representatives. It's really a great, great honor. It's a great honor to have
01:24President Ferdinand Marcos Jr. of the Philippines. A great family, great family legacy, and highly
01:33respected in this country. I know that because I have many friends in the Philippines. And
01:36there's great respect, or I couldn't say it. So congratulations. Thank you. We're going to be
01:41talking about trade. We're going to be talking about war and peace. They're a very important nation
01:47militarily. And we've had some great drills lately. We're back with them. I think I can say that the
01:54last administration was not getting along with them too well. They didn't get along with anybody.
02:01They didn't know. Honestly, they didn't know what they were doing. But we have some fantastic
02:06military relationships with the Philippines, and that's been reinstituted. And Pete, I would say that
02:12you couldn't be happier, right, with the relationship. So I just want to say it's an
02:19honor to have you. We're going to talk about trade today. And we're very close to finishing a trade
02:24deal. Big trade deal, actually. And we do a lot of business with you. It's a lot of income coming
02:31in for both groups. But I was surprised to see the kind of numbers. They're very big. And they're
02:37going to get bigger under what we're doing and what we're proposing. And I just want to thank
02:42you for being with us. It's a great honor. You and your representatives. It's really a great,
02:46great honor.
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