Trump Hails ‘Huge Win’ In Landmark Trade Deal With Indonesia
President Donald Trump announced Tuesday that the U.S. had reached a trade agreement with the Republic of Indonesia, which eliminates about 99% of the tariff barriers between the two countries when it comes to industrial and U.S. food and agricultural products sent to the island nation.
“It is my Great Honor to announce our Trade Agreement with the Republic of Indonesia, as represented by their Highly Respected President, Prabowo Subianto,” Trump said in a post on Truth social “It is agreed that Indonesia will be Open Market to American Industrial and Tech Products, and Agricultural Goods, by eliminating 99% of their Tariff Barriers.”
Trump said the U.S. will sell American-made products to Indonesia at a tariff rate of 0%, while Indonesia will pay 19% on all products shipped to the U.S.
“In addition, Indonesia will supply the United States with their precious Critical Minerals, as well as sign BIG Deals, worth Tens of Billions of Dollars, to purchase Boeing Aircraft, American Farm products, and American Energy,” the president said. “This Deal is a HUGE WIN for our Automakers, Tech Companies, Workers, Farmers, Ranchers, and Manufacturers.” |
