Home » US President Trump announces trade deal with Indonesia

US President Trump announces trade deal with Indonesia

written by n Free Textile and Fashion Industry News RSS XML Feeds - Fibre2fashionn Source
President Donald Trump has confirmed that the US has struck a new trade agreement with Indonesia, though full details are yet to be disclosed. Posting on his Truth Social account, Trump described the deal as a "great" outcome achieved through direct negotiations with Indonesia’s President Prabowo Subianto.

“Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!” Trump wrote on his Truth Social account today.

The announcement follows a tense week in which Trump warned of a potential 32 per cent tariff on Indonesian imports starting August 1. In response, Indonesia dispatched its top trade envoy to Washington for urgent talks with senior US officials, culminating in the agreement.

This marks the fourth trade framework Trump has revealed in recent weeks, following similar announcements involving Vietnam, the UK, and a tariff pause with China.

Trump has so far introduced revised reciprocal tariff rates for countries including Japan, South Korea, Cambodia, Bangladesh, Malaysia, Sri Lanka, the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, Canada, Brazil, Mexico and the EU among others.

Fibre2Fashion News Desk (KD)
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written by n Free Textile and Fashion Industry News RSS XML Feeds - Fibre2fashionn Source

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