6.9 C
Ottawa
Tuesday, November 4, 2025

Trump Announces Trade Deal With Indonesia

Date:

Trump Announces Trade Deal With Indonesia

President Donald Trump leaves after speaking at the Iowa State Fairgrounds during the kick off of a year-long buildup to the 250th anniversary of the signing of the Declaration of Independence, in Des Moines, Iowa, on July 3, 2025. Madalina Kilroy/The Epoch Times

The United States and Indonesia have reached a trade agreement, President Donald Trump announced on social media.

“Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President,” Trump said in a July 15 post on Truth Social.

This comes soon after the president sent a formal letter to Indonesia announcing a 32 percent levy on Indonesian goods entering the United States, effective Aug. 1.

Data from the U.S. Trade Representative’s Office shows that the U.S. goods trade deficit with Indonesia was $17.9 billion in 2024, up 5.4 percent from the previous year.

Indonesia’s main exports to the United States are consumer electronics, apparel, and footwear.

Similar to his other letters, Trump stated that Indonesia would not be subject to levies if the country or its companies built or manufactured products in the United States.

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

US Asks Court to Reject Delta, Aeromexico Bid to Delay End of Joint Venture

A staff uploads packages on a Delta Air Lines...

Treasury Secretary Bessent to Attend Tariffs Argument at Supreme Court

U.S. Treasury Secretary Scott Bessent speaks on the sidelines...

Ford, Hyundai, and Kia EV Sales Plummet After Federal Tax Credit Expires

Ford Mustang Mach-E is presented at the New York...

How Major US Stock Indexes Fared Nov. 3

Nvidia and other AI superstar stocks propped up Wall...