Staff put together prospects’ orders on the foremost rice market in Jakarta on July 9, 2025.
Bay Ismoyo | AFP | Getty Pictures
President Donald Trump on Tuesday mentioned he has reached a deal with Indonesia, every week after he threatened to slap a 32% tariff on the southeast Asian nation’s U.S. exports.
Trump in a Reality Social put up referred to as it “nice deal, for everyone,” and mentioned it adopted direct dealings with Indonesian President Prabowo Subianto.
He supplied no different details about the purported deal, however mentioned particulars would observe.
Indonesia is without doubt one of the United States’ prime 25 commerce companions, with the 2 nations buying and selling greater than $38 billion in items in 2024, in keeping with the Commerce Department. The U.S. commerce deficit with Indonesia totaled $17.9 billion final yr.
Trump’s put up on Indonesia intently resembles his July 2 announcement that the U.S. reached a trade deal with Vietnam.
Trump’s preliminary message about Vietnam was additionally brief on particulars, although he declared in a follow-up post that the phrases included a 20% tariff on Vietnamese imports.
Vietnamese officers have been reportedly stunned about Trump’s description of their preliminary cope with the U.S.. As of July 10, the Vietnamese authorities nonetheless has not formally accepted a part of the deal Trump touted, Politico reported.
The White Home didn’t instantly reply to CNBC’s request for added details about the purported cope with Indonesia.
That is creating information. Please verify again for updates.