Indonesia, Donald Trump and tariff
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Indonesia will pay a 19% tariff on U.S. imports as part of a trade deal struck between it and the United States, according to President Donald Trump. Trump told reporters as he was departing the White House for Pittsburgh on Tuesday that U.
Financial markets greeted US President Donald Trump’s tariff deal with Indonesia with little fanfare Wednesday, signaling the rate of around 20% that was once viewed as punitive is now seen as workable.
President Donald Trump has been sending letters to countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.
Indonesia is leveraging a potential $10 billion oil and fuel import deal to pressure the U.S. into lowering steep tariffs on Indonesian goods.