Indonesia, Donald Trump and tariff
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Trump Slaps 19% Tariff on Indonesia, EU Threatens RetaliationPresident Donald Trump has announced a 19% tariff on goods from Indonesia, part of a broader push to reset U.S. trade relationships
Financial markets greeted US President Donald Trump’s tariff deal with Indonesia with little fanfare Wednesday, signaling the rate of around 20% that was once viewed as punitive is now seen as workable.
President Donald Trump has been sending letters to countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.
Indonesia is leveraging a potential $10 billion oil and fuel import deal to pressure the U.S. into lowering steep tariffs on Indonesian goods.