Trump announces ‘great’ trade deal with Indonesia, 19% tariff included

Reuters

U.S. President Donald Trump on Tuesday announced a new trade agreement with Indonesia, calling it a “great deal” that includes a 19% tariff and expanded U.S. export access.

“Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President,” Trump said on social media, referring to Indonesian President Prabowo Subianto.

In a follow-up post, Trump detailed key terms of the agreement, saying Jakarta had agreed to buy $15 billion worth of U.S. energy, $4.5 billion in American agricultural products, and 50 Boeing aircraft.

He added that U.S. exports would face no tariff or non-tariff barriers, describing it as “complete and total access” for American farmers, ranchers and fishermen to Indonesia’s 280 million-strong market.

The announcement comes just ahead of an updated 1 August deadline for countries to finalise trade deals with Washington or face increased tariffs. Originally set for 9 July, the deadline was extended by The White House to allow more time for talks.

Trump’s trade advisor Peter Navarro had pledged a goal of “90 deals in 90 days,” though only the UK and Vietnam have concluded interim agreements so far — and many details remain unresolved.

Tags