Trump says Indonesia trade deal features 19% tariff; Jakarta yet to confirm

1 month ago 13

 No tariffs there, they wage  tariffs here

President Donald Trump connected Tuesday said helium reached a preliminary commercialized woody with Indonesia that volition acceptable a 19% tariff connected the southeast Asian country's U.S. exports.

"We volition wage nary tariffs. So they are giving america entree into Indonesia, which we ne'er had," Trump told reporters extracurricular the White House.

"That's astir apt the biggest portion of the deal. And the different portion is they are going to wage 19%," helium said.

It was not instantly wide if Jakarta had approved the woody presumption arsenic described by Trump. The Indonesian Embassy successful Washington, D.C., did not instantly respond to CNBC's petition for comment.

In a consequent station connected Truth Social, Trump said Indonesia "has committed to purchasing $15 Billion Dollars successful U.S. Energy, $4.5 Billion Dollars successful American Agricultural Products, and 50 Boeing Jets, galore of them 777's" arsenic portion of the deal.

Indonesian hose Garuda was precocious successful talks to bargain betwixt 50 and 75 Boeing aircraft, its CEO reportedly said in aboriginal July.

If it comes to pass, the caller tariff complaint connected Indonesian imports would amusement Trump pulling backmost connected the 32% work helium had threatened to enforce arsenic precocious arsenic past week.

Trump said successful a little societal media station Tuesday greeting that the statement followed nonstop dealings with Indonesian President Prabowo Subianto.

"I spoke to their truly large president, precise popular, precise strong, smart, and we made the deal," Trump said astatine the White House aboriginal successful the day.

Commerce Secretary Howard Lutnick suggested connected CNBC's "Halftime Report" connected Tuesday day that Indonesia would driblet its tariffs connected U.S. goods arsenic portion of the agreement.

"No tariffs there. They wage tariffs here," Lutnick said.

The White House did not respond to CNBC's requests for further accusation astir the purported woody with Indonesia.

Indonesia is 1 of the United States' apical 25 commercialized partners, with the 2 countries trading much than $38 cardinal successful goods successful 2024, according to the Commerce Department. The U.S. commercialized shortage with Indonesia totaled $17.9 cardinal past year.

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Trump's station connected Indonesia intimately resembles his July 2 announcement that the U.S. reached a commercialized woody with Vietnam.

Trump's archetypal connection astir Vietnam was besides abbreviated connected details, though helium declared successful a follow-up post that the presumption included a 20% tariff connected Vietnamese imports.

Vietnamese officials were reportedly amazed astir Trump's statement of their preliminary woody with the U.S. As of July 10, the Vietnamese authorities inactive has not formally accepted portion of the woody Trump touted, Politico reported.

The U.S. has besides made a preliminary commercialized woody with the United Kingdom, and it has reached different statement with China that allowed some sides to little the sky-high tariffs connected each others' goods.

But Trump has precocious eschewed the accepted commercialized dialog process, opting alternatively to nonstop letters to U.S. commercialized partners that dictate what their caller U.S. tariff complaint volition beryllium starting connected Aug. 1.

This is processing news. Please cheque backmost for updates.

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