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Marcos secures $21B in investment pledges
President Ferdinand R. Marcos Jr. returned to the Philippines with over USD21 billion in investment pledges following his official visit to Washington, D.C.
The visit, which included his first meeting with US President Donald Trump, aimed to reaffirm the strong alliance between the Philippines and the US.
Marcos met with several business leaders in the healthcare, infrastructure, and semiconductor industries, securing pledges that could create thousands of jobs.
In addition to private sector commitments, the US government pledged $15 million for private sector development in the Luzon Economic Corridor Initiative and another $48 million in foreign assisted projects.
The President described the visit as fruitful, despite securing only a marginal tariff reduction on Philippine goods entering the US.
Marcos conveyed his optimism about the future of PH-US trade and investment relations, emphasizing economic security and fair trade.
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President Ferdinand "Bongbong" Marcos Jr. met with U.S. President Donald Trump in Washington D.C. on July 22 to strengthen bilateral ties, focusing on security, trade, and immigration.
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President Ferdinand Marcos Jr. departed for Washington D.C. on July 20, 2025, for a three-day official visit, aiming to negotiate a potential bilateral trade deal and discuss defense cooperation with US President Donald Trump.
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President Ferdinand "Bongbong" Marcos Jr. met with top executives from the Semiconductor Industry Association during his visit to Washington D.C.
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President Ferdinand Marcos Jr. hailed a one-percentage-point reduction in U.S. tariff rates on Philippine exports to 19 percent, resulting from bilateral talks with U.S. President Donald Trump.
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The United States has pledged approximately P3 billion ($60 million) in new foreign assistance to the Philippines, the first such announcement to any country since the US paused most of its foreign aid commitments in January.
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