Trump Celebrates New Trade Agreement with Indonesia

In a recent social media post, President Trump declared a new trade agreement with Indonesia, lauding it as a beneficial arrangement for both nations, while detailing the tariff structure involved.

President Trump made waves on Tuesday by announcing a trade agreement with Indonesia, labeling it a “great deal for everybody” in a post on social media. Indonesia's president, Prabowo Subianto, later endorsed the agreement in remarks made in Jakarta, providing the first official confirmation of the deal’s details. According to the terms, U.S. exports to Indonesia will incur no tariffs, while products imported from Indonesia will be subject to a 19 percent tariff when entering the United States.

“After tough negotiations, we finally reached an agreement,” President Subianto commented, noting a mutual understanding of each country's interests. This announcement arrives amidst a broader strategy by the Trump administration, which aims to finalize trade agreements with several nations while warning of potential double-digit tariffs against a host of countries starting on August 1 if negotiations do not progress satisfactorily.

U.S. and Indonesian officials have been engaged in talks for several months. Notably, just a week prior, President Trump had threatened Indonesia with a steep 32 percent tariff on its exports via a letter shared on his social media channel, catching Indonesian officials off-guard as negotiations appeared to be fruitful.

“I think it’s a good deal for both parties,” Trump affirmed, hinting at forthcoming agreements with other nations, including India, that would follow a similar structure. He highlighted Indonesia’s rich mineral resources, such as “very high-quality copper,” which he noted would be beneficial for U.S. manufacturing.