Trump posted on his social media that the Philippines would implement zero tatiffs on the import of American goods, but that is not completely the truth, and he only posted it that way to toot his own horn as always.

That said, from what i read and understand, there are still certain imports on American goods that would be taxed, but automobiles and pharmaceutical products coming in from America would face zero tariffs. Philippines president, Bongbong Marcus Jr has also confirmed this. As for a 1% tariff discount, it is what it is, the Philippines have a good relationship with the United States, and i am sure Bongbong isn't confident of going into a trade war with them.