U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.

( NewsNation) — President Donald Trump is meeting with Philippine President Ferdinand Marcos Jr. on Tuesday, with tariffs and security likely items on the agenda. The two leaders expressed optimism about the future for the U.S.-Philippine’s relationship when it comes to trade and security.

The Philippines faces a 19% export tariff under a new U.S. trade deal granting tariff-free access to American goods.