Trump says 'big trade deal' with PH nearing completion; alliance of 2 countries restored

Manila Bulletin

President Marcos and US President Donald Trump announced that a "big trade deal" between the Philippines and the United States is very close to completion following their White House meeting on Tuesday, July 22, 2025. (Video courtesy of The White House via RTVM)  READ: https://mb.com.ph/2025/07/23/trump-says-big-trade-deal-with-ph-nearing-completion-alliance-of-2-countries-restored  Join this channel to get access to perks:  https://www.youtube.com/channel/UC5664f6TkaeHgwBly50DWZQ/join   Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin   Visit our website at http://mb.com.ph  Facebook: https://www.facebook.com/manilabulletin  Twitter: https://www.twitter.com/manila_bulletin  Instagram: https://instagram.com/manilabulletin  Tiktok: https://www.tiktok.com/@manilabulletin   #ManilaBulletinOnline  #ManilaBulletin  #LatestNews

Transcript

00:00Well, thank you very much, everybody.

00:01It's a great honor to have President Ferdinand Marcos,

00:04Jr., of the Philippines, a great family,

00:08great family legacy, and highly respected in this country.

00:12I know that because I have many friends in the Philippines.

00:14And there's great respect, or I couldn't say it,

00:17so congratulations.

00:19We're going to be talking about trade.

00:20We're going to be talking about war and peace.

00:24They're a very important nation militarily.

00:27And we've had some great drills lately.

00:29We're back with them.

00:31I think I can say that the last administration

00:34was not getting along with them too well.

00:37They didn't get along with anybody.

00:39They didn't know.

00:40Honestly, they didn't know what they were doing.

00:42But we have some fantastic military relationships

00:46with the Philippines, and that's been reinstituted.

00:49And, Pete, I would say that you were,

00:51you couldn't be happier, right, with the relationship?

00:54Great partners.

00:54So I just want to say it's an honor to have you.

00:58We're going to talk about trade today.

01:00And we're very close to finishing the trade deal.

01:03Big trade deal, actually.

01:04And we do a lot of business with you.

01:06It's a lot of income coming in for both groups.

01:11But I was surprised to see the kind of numbers.

01:13They're very big.

01:14And they're going to get bigger under what we're doing

01:17and what we're proposing.

01:19And I just want to thank you for being with us.

01:21It's a great honor.

01:21You and your representatives, really a great, great honor.

01:25Thank you very much, Mr. President.

01:27Of course, we're all very happy to be here to once again

01:31reaffirm the very strong ties between the Philippines

01:35and the United States, ties that go back over 100 years.

01:39And considering the context in which we live these days,

01:43especially in my part of the world,

01:45this has evolved into as important a relationship

01:50as is possible to have.

01:52We must remember that the United States is our only treaty partner

01:59in the Philippines, and that has stood us in good stead

02:04over the years, certainly through the Second World War.

02:10And the cultural memory of all Filipinos,

02:15down to even the school children,

02:18is that our strongest, closest, most reliable ally

02:23has always been the United States.

02:26That is something that we value, that we are grateful for,

02:30that we will continue to foster as we go on.

02:34With the leadership of President Trump,

02:37I am very confident that we will be able to achieve that.

02:40I think it is worthwhile to remember

02:45that it was President Trump who, in his first term,

02:49characterized the relationship between the Philippines

02:53and the United States as Ironclad.

02:56And that has been necessarily the case

02:58since that time that you made that statement, sir.

03:03And it is something that the Philippines

03:07will always hold close to its heart.

03:10Thank you once again, and we are honored,

03:13and it is our great pleasure to be here

03:16and to visit with the President of the United States.

03:18Thank you very much.

03:19Thank you, sir.

03:20My great honor.

03:20It is my great honor.

03:21Thank you, sir.

03:21It is my great honor.

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