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President Donald Trump On Tuesday, he said he reached a previous trading transaction with Indonesia, which would set 19% US export tariff to the US.
“We will not pay any tariffs. So they give us access to Indonesia, which we have never had,” Trump told reporters outside the White House.
“This is probably the largest part of the deal. And the other part they pay 19%,” he said.
It was not immediately clear whether Jakarta approved the terms of the transaction as described by Trump. The Indonesian Embassy in Washington, the District of Colombia, did not immediately respond to CNBC’s request.
In the following post on The truth is socialTrump said Indonesia “pledged to buy $ 15 billion in energy in the United States, $ 4.5 billion in American agricultural products and 50 Jets Boeing, many of them 777” as part of the transaction.
The Indonesian Airline Garuda recently negotiated the purchase of 50 to 75 Boeing planes, its CEO As reported, said In early July.
When it comes to passing, the new Indonesian import rate showed that Trump is distracting 32% of his duties he threatened recently as last week.
Trump said in a short message on Tuesday that the agreement had followed the direct affairs with the President of Indonesia with the Subion.
“I talked to them a truly wonderful president, very popular, very strong, intelligent, and we made a deal,” Trump said in the White House later that day.
The secretary of trading Howard Lutnit suggested on CNBC “Report on the break“On Tuesday after lunch, Indonesia abandoned tariffs for US goods under the agreement.
“There are no tariffs. They pay tariffs here,” Lutnik said.
The White House did not respond to CNBC requests for additional information about Indonesia.
Indonesia is one of the best US trading partners, and two countries trades more than $ 38 billion in 2024, reports Department of Trade. Last year, the US trade deficit with Indonesia amounted to $ 17.9 billion.
Trump’s message about Indonesia is very reminiscent of its proclamation on July 2 that has reached the US A trading deal with Vietnam.
Trump’s initial message about Vietnam was also insufficient, though he said in Next post What conditions included 20% tariff on Vietnamese imports.
Vietnamese officials were reportedly surprised by Trump’s description of his previous transaction from the United States as of July 10, the Vietnam government still has not recognized a part of the transaction that Trump has been advertised, “which Trump,” ” The politician reports.
The United States also concluded a preliminary deal with the UK, and it reached another agreement with China, which allowed both parties to reduce high tariffs for each other’s goods.
But Trump has recently evaded the traditional negotiation process, deciding to send letters to the American trades that dictate, what a new tariff tariff tariff will begin on August 1.
This is a news development. Please check the updates.
