President Trump reveals trade deal with the Philippines after Oval Office meeting with President Ferdinand Marcos Jr., including zero tariffs for the U.S.

Back in April, Trump had claimed to have done "over 200 deals" in an interview with Time Magazine, and trade advisor Peter Navarro had said that "90 deals in 90 days" was possible. The country has fallen far short of that, with only eight deals in 120 days, including one with the 27-member European Union.

The tariff rate for goods imported into the U.S. from both the Philippines and Indonesia will be 19%, the president said.