​​​​​​ISTANBUL

Filipino President Ferdinand Marcos Jr. said the Philippines will go to an “open market" with the US and no longer will charge tariffs on American automobiles, during a news conference in Washington after he met President Donald Trump.

One of the major areas Manila was "asked to be open" was the automobile industry, said Marcos. “We will open that market and no longer charge tariffs on that."

Trump announced a new trade agreement with the Philippines following the Tuesday meeting. The sides had reached an agreement of 19% tariffs on Filipino exports to the US, down 1% from the announced 20% tariff, which was set to take effect Aug. 1.

"Also, the other side of that is an increased importation from the United States for soy products, wheat products and medicines," said Marcos.

"So, we are coming to those arrangements. There's still a lot of detail that needs to be worked out on the different products and the different exports and imports but basically that's now our template," he noted.​​​​​​​