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News in English (USA) / 23.07.2025 / 01:00

US and Indonesia Finalize Trade Deal with 19% Tariff on Goods

The Trump administration has announced a new trade agreement with Indonesia, featuring a 19% tariff on Indonesian goods. The White House released a framework for the US-Indonesia trade deal, which includes provisions for tariff and non-tariff barriers. Indonesian officials confirmed that the country will cut tariffs and remove non-tariff obstacles as part of this trade victory. The deal is expected to grant the US up to $50 billion in market access, particularly benefiting American industries, with commitments from Indonesia to purchase 50 Boeing aircraft. While the agreement is seen as a significant boon for US businesses, there are concerns among Indonesian shoemakers about the implications of ongoing tariffs on their industry, and discussions continue about the details and exemptions within the deal.
The New York Times, CNBC, Reuters, "Barrons", Financial Times, Bloomberg.com, The Hill, The Wall Street Journal, American Iron and Steel Institute, POLITICO Pro