Trump heads to 'high stakes' Alaska summit with Putin on Ukraine
Donald Trump travelled to Alaska on Friday for what he described as a “high-stakes” summit with Russian president Vladimir Putin, aimed at securin...
Indonesia has reached a trade agreement with the United States that lowers proposed U.S. tariffs on Indonesian exports from 32% to 19%, following direct negotiations between Presidents Prabowo Subianto and Donald Trump. The deal, which includes major purchase commitments, is seen as a strategic win.
President Prabowo Subianto reportedly spoke directly with President Trump to finalise the terms, which include Indonesia's commitment to buy 50 Boeing aircraft and billions in U.S. energy and agricultural products. The deal also mirrors elements of a recent U.S.-Vietnam agreement, including provisions against Chinese transshipments.
Analysts say while non-oil sectors such as textiles may face some pressure, energy and agriculture will benefit, and the reduced tariffs could boost investor confidence and ease monetary policy conditions. Indonesian markets responded positively to the announcement, with the Jakarta stock index rising by 0.7%.
“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.
However, Indonesians on Wednesday questioned the fairness of their country’s trade deal with the U.S.
"It's not fair that we (who export to the U.S.) are charged 19% while they (the U.S.) are asked for zero per cent, in my opinion this is not fair at all,” said Mulyadi, an employee for a securities firm.
Indonesia said the trade deal with the United States was reached after an "extraordinary struggle" in negotiations.
The announcement comes just ahead of the 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.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
Donald Trump travelled to Alaska on Friday for what he described as a “high-stakes” summit with Russian president Vladimir Putin, aimed at securing a ceasefire in Ukraine and ending the deadliest conflict in Europe since the Second World War.
U.S. President Donald Trump announced plans for new tariffs on steel and semiconductor imports, aiming to boost domestic manufacturing while offering initial exemptions for companies investing in the U.S.
Two people were injured in a shooting near a mosque in the Swedish city of Örebro on Friday, police said.
U.S. President Donald Trump said he would not negotiate on Ukraine’s behalf during his meeting with Russian President Vladimir Putin on Friday, stressing that Kyiv must decide whether to pursue any territorial swaps with Moscow.
Russian foreign minister Sergei Lavrov drew attention in Anchorage on Friday when he arrived for a high-profile summit between US president Donald Trump and Russian president Vladimir Putin wearing a vintage sweatshirt bearing the Soviet-era “CCCP” emblem.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment