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Snapshot 7:Wed, Jul 23, 2025 4:08:24 AM GMT last edited by Scott

Trump Announces US-Philippines Trade Deal

Trump Announces US-Philippines Trade Deal

Trump Announces US-Philippines Trade Deal
Above: U.S. President Donald Trump (right) and Philippine President Ferdinand Marcos Jr. at the White House on July 22, 2025. Image credit: Yuri Gripas/Abaca/Bloomberg/Getty Images

The Spin


Trump's trade deals, especially with Asia-Pacific nations, are making the United States economically stronger at home and stronger against China geopolitically. As China loses its economic power over the United States, it loses its leverage when deciding whether to attack Taiwan. In just six months, Trump has repositioned America as the world's leading economic and military powerhouse.

Trump's tariffs have hidden costs, like falling imports that limit consumer choices and raise prices for goods that aren't produced in the United States. Reduced variety and quality from disrupted supply chains erode economic freedom, quietly straining budgets for those least equipped to cope. Any success can be attributed to companies preparing short-term precautions as they await a potential policy reversal.


Metaculus Prediction

There's a 55% chance that a recession will begin in the United States in 2025, according to the Metaculus prediction community.



The Controversies


© 2026 Improve the News Foundation. All rights reserved.Version 7.4.1

© 2026 Improve the News Foundation.

All rights reserved.

Version 7.4.1