President Trump announces the US has reached a deal with the Indonesian government
President Donald Trump says he’s made a deal with Indonesia, but has yet to share any specific details about the agreement.
He posted on Truth Social, “Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!”
This is Trump’s fourth trade agreement since introducing reciprocal tariffs in April. Until now, he had only struck deals with the UK, China, and Vietnam, with Indonesia now becoming the latest addition.
Indonesia’s Hartarto was in talks with officials Bessent
Only last week, President Trump warned that he would slap a 32% tariff on Indonesian exports from August 1. Indonesia responded to the threat by sending its lead trade envoy to engage with Trump’s Cabinet to reach an agreement.
The country’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, met with US Trade Representative Jamieson Greer, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent to discuss trade deals.
Earlier this month, President Trump reached a deal with the Vietnamese government. The US now imposes only 20% on goods from Vietnam entering the US and a 40% levy for transshipping. The transshipping tariffs mean that any country that uses Vietnam to export its products to the US will face a 40% tariff. Conversely, Vietnam had to open its markets completely to the US, charging 0% tariff.
Additionally, the US and China agreed on a tariff truce. The two economies, however, set a deadline for their truce to August 12. On Tuesday, Treasury Secretary Scott Bessent hinted at the possibility of extending the tariff truce with China. He pointed out that their talks with China are in a “very good place.”
The Vietnamese government was reportedly surprised by Trump’s deal announcement
Like the Indonesia deal,
