Trump, tariff threats
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Trump announced the pact with Indonesia, a relatively minor U.S. trading partner, as he continued to press for what he views as better terms with trading partners and ways to shrink a huge U.S. trade deficit.
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.
President Donald Trump said Tuesday the United States has reached a trade agreement with Indonesia after speaking with the country’s President Prabowo Subianto.
The president told reporters Indonesia had agreed to a 19 percent tariff rate on its exports to the U.S. The Indonesian government has yet to confirm the details of the deal.
The US President announced a list of updates concerning US trade tariffs on Tuesday, including a deal with Indonesia and his plans to gradually increase tariffs on pharmaceutical imports. View on euro
US President Donald Trump said he reached a deal with Indonesia, without providing any specifics of what is included in the accord. “Great deal, for everybody, just made with Indonesia. I dealt directly with with their highly respected President.
U.S. President Donald Trump said Tuesday that a trade deal with Indonesia was reached to set 19% tariffs on its U.S. exports.
WASHINGTON: US President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in significant purchase commitments from the Southeast Asian country, following negotiations to avoid steeper tariffs.
The US has struck a trade deal with Indonesia, under which Indonesian products entering the US will face a 19 per cent tariff – down from the 32 per cent initially threatened by president Donald Trump.
Indonesia’s president confirmed he struck a tariff deal with the US after direct negotiations with President Donald Trump accelerated months of talks between officials of both countries.
Trump in a Truth Social post called it "great deal, for everybody," and said it followed direct dealings with Indonesian President Prabowo Subianto.