"They got the 15% rate because they were willing to provide this innovative financing mechanism," he told Bloomberg TV on Wednesday, when asked if other countries could get a similar rate.
"I intend to convey to President Trump and his Cabinet officials that the Philippines is ready to negotiate a bilateral trade deal that will ensure strong, mutually beneficial and future-oriented collaborations that only the United States and the Philippines will be able to take advantage of," Marcos said Sunday when he was departing for Washington, according to his office.
Production of cars in the UK has drastically decreased this year, highlighting significant challenges within the automotive sector and its response to external pressures.
The British Chambers of Commerce has called for urgent government action to safeguard the domestic bioethanol industry at risk due to US import tariff removals.
The newly announced US-UK Economic Prosperity Deal signifies a pivotal enhancement of transatlantic trade relationships, promising to lower tariffs and boost key sector collaboration.
The EU remains the UK's largest trading partner, but in sectors such as food and drink, exports have tumbled by more than a third since Brexit. It is important we do everything we can to ensure that whatever decisions are taken on the Brexit front do not damage the long-term trade position, said Bailey. So I hope that we can use this to start to rebuild that relationship.
This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term.
US Vice President JD Vance expressed optimism about reaching a mutually beneficial trade agreement with the UK, highlighting the importance of the US-UK relationship amidst global trade tensions.