#TRUMP Announces New Trade Deal with Indonesia: Key Points 💼🇮🇩🇺🇸
US President Donald Trump has unveiled a trade agreement with Indonesia, imposing a 19% tariff on Indonesian goods entering the US, while eliminating tariffs on American goods entering Indonesia. 🇺🇸🔓
On Truth Social, Trump revealed that Indonesia will pay a 19% tariff on its exports to the US, while US exports to Indonesia will be tariff-free. The deal also includes Indonesia purchasing $15B in US energy products, $4.5B in agricultural goods, and 50 Boeing jets. 🚢✈️
Key Takeaways 💡
Full Access for the US to Indonesian markets 🌏
No Tariffs on US goods entering Indonesia 📦
$15B in US energy exports 💡
$4.5B in agricultural products 🌾
50 Boeing Jets to be purchased ✈️
This agreement follows similar deals with Vietnam and is part of Trump's strategy to enforce bilateral trade agreements or impose higher tariffs. A deadline of August 1, 2025 has been set for finalizing agreements. 📅
Indonesia's Response 🗣️
Officials in Jakarta confirmed the deal, stating a joint statement will be issued soon, outlining the tariff details. 🇮🇩
Though Indonesia isn't a top 15 trading partner, bilateral trade reached nearly $40B in 2024, with the US running a $18B trade deficit. 🏦
Global Impact 🌐
As the deadline approaches, countries like Canada, Japan, and Brazil face similar tariff pressures. Major trade blocs, including the EU, are preparing for potential disruptions. 🛒💥
👉 Follow me and Stay tuned as the global trade landscape shifts! 🌍
THANKYOU 🙏
