Trump announces trade deal with Indonesia, 19% tariff
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1don MSN
Trump in a Truth Social post called it “great deal, for everybody,” and said it followed direct dealings with Indonesian President Prabowo Subianto.
President Trump announced Tuesday that he has a preliminary trade deal with Indonesia after threatening a 32% tariff on the world’s fourth-most-populous nation.
Indonesia’s recent agreements with the Western superpower and the European bloc could set the path for other nations seeking similar arrangements. But experts warn against potential pitfalls and sacrificing domestic interests.
WASHINGTON -- U.S. President Donald Trump said on Tuesday that he had agreed to a trade deal with his Indonesian counterpart, Prabowo Subianto, that would see the "reciprocal" tariff rate on Southeast Asia's largest economy drop from the previously threatened 32% to 19%.
The 19 percent import tariff imposed by the US President Donald Trump administration on Indonesian goods is among the lowest for Asian countries, according to
The tariff would be collected from miners only when coal prices are high, with authorities potentially including it in the 2026 budget plan.