The Fort Worth Press - Trump says Indonesia to face 19% tariff under trade deal

USD -
AED 3.672504
AFN 64.502894
ALL 81.046102
AMD 360.780113
ANG 1.789785
AOA 916.999763
ARS 1529.249879
AUD 1.433486
AWG 1.8025
AZN 1.694655
BAM 1.745704
BBD 2.012675
BDT 123.586379
BGN 1.747831
BHD 0.377114
BIF 2995.403222
BMD 1
BND 1.277279
BOB 11.766859
BRL 4.965199
BSD 0.999331
BTN 94.818583
BWP 13.766234
BYN 2.934172
BYR 19600
BZD 2.009729
CAD 1.40025
CDF 2315.999692
CHF 0.825078
CLF 0.025212
CLP 986.459589
CNY 6.67805
CNH 6.670601
COP 3171.419646
CRC 456.018209
CUC 1
CUP 23.982684
CVE 98.420137
CZK 21.719501
DJF 177.944392
DKK 6.67165
DOP 61.293346
DZD 134.335699
EGP 55.079216
ERN 15
ETB 162.538225
EUR 0.89267
FJD 2.237198
FKP 0.747807
GBP 0.747692
GEL 2.589955
GGP 0.747807
GHS 11.586558
GIP 0.747807
GMD 74.000052
GNF 8843.664926
GTQ 7.638684
GYD 209.291739
HKD 7.842097
HNL 26.828223
HRK 6.728201
HTG 130.968001
HUF 327.370065
IDR 18093.85
ILS 3.10555
IMP 0.747807
INR 94.945503
IQD 1514.883742
IRR 1832375.000108
ISK 121.780185
JEP 0.747807
JMD 158.593297
JOD 0.70897
JPY 156.860135
KES 129.754095
KGS 87.448601
KHR 4082.652742
KMF 439.496008
KPW 899.999961
KRW 1323.760003
KWD 0.31069
KYD 0.832775
KZT 453.715357
LAK 22486.722899
LBP 89486.053465
LKR 331.81595
LRD 170.375329
LSL 16.556076
LTL 2.95274
LVL 0.60489
LYD 6.399786
MAD 9.815504
MDL 18.037221
MGA 4519.123488
MKD 54.987281
MMK 2100.106238
MNT 3599.160205
MOP 8.073191
MRU 39.936627
MUR 47.16006
MVR 15.460158
MWK 1732.762083
MXN 18.668401
MYR 4.085301
MZN 63.913532
NAD 16.556076
NGN 1332.059605
NIO 36.774222
NOK 9.35739
NPR 151.709734
NZD 1.750854
OMR 0.3845
PAB 0.999241
PEN 3.431874
PGK 4.475387
PHP 63.617993
PKR 276.527424
PLN 3.92999
PYG 5779.443924
QAR 3.642612
RON 4.779802
RSD 104.87794
RUB 81.617352
RWF 1476.413621
SAR 3.753249
SBD 8.07458
SCR 14.037013
SDG 601.500203
SEK 9.931805
SGD 1.276902
SHP 0.7473
SLE 22.950211
SLL 20969.504398
SOS 571.07154
SRD 37.627978
STD 20697.981008
STN 21.868166
SVC 8.743696
SYP 13001.999685
SZL 16.555541
THB 33.769976
TJS 9.208462
TMT 3.51
TND 2.983978
TOP 2.40776
TRY 49.7038
TTD 6.789842
TWD 32.585799
TZS 2645.601821
UAH 45.239791
UGX 4402.195742
UYU 40.076762
UZS 11958.762887
VES 879.788905
VND 25842.5
VUV 118.622996
WST 2.767791
XAF 585.553343
XAG 0.018551
XAU 0.000250266221
XCD 2.70255
XCG 1.800955
XDR 0.707052
XOF 585.553343
XPF 106.448878
YER 236.10377
ZAR 16.57373
ZMK 9001.196556
ZMW 20.091043
ZWL 321.999592
SSP 5745.299755
MXV 2.106972
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Trump says Indonesia to face 19% tariff under trade deal
Trump says Indonesia to face 19% tariff under trade deal / Photo: © AFP

Trump says Indonesia to face 19% tariff under trade deal

President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in a lower US tariff on the country's goods than earlier threatened, alongside better market access.

Text size:

"Great deal, for everybody, just made with Indonesia," Trump wrote on his Truth Social platform, saying that he worked with the country's president directly.

He later told reporters that Indonesia was "giving us access" and that goods from the Southeast Asian country would face a 19 percent tariff.

Trump did not elaborate on the improved access that he had touted, although he stressed that Indonesia is "very strong on copper" and other materials.

The Trump administration has been under pressure to finalize trade pacts after promising a flurry of deals, as countries sought negotiations with Washington to avoid Trump's tariff threats.

But the US president has so far only unveiled deals with Britain and Vietnam, alongside an agreement to temporarily lower tit-for-tat levies with China.

Last week, Trump renewed his threat of a 32 percent levy on Indonesian goods, saying in a letter to the country's leadership that this level would take effect August 1.

It remains unclear when the lower tariff level announced Tuesday will take effect for Indonesia.

"We have a couple of those deals that are going to be announced. India basically is working along that same line," Trump told reporters Tuesday, referring to market access.

Indonesia's former vice minister for foreign affairs Dino Patti Djalal told a Foreign Policy event Tuesday that government insiders had indicated they were happy with the new deal.

- Tariffs drive -

Trump in April imposed a 10 percent tariff on almost all trading partners, while announcing plans to eventually hike this level for dozens of economies, including the European Union and Indonesia.

But days before the steeper duties were due to take effect, he pushed the deadline back from July 9 to August 1. This marked his second postponement of the elevated levies.

Instead, since early last week, Trump has been sending letters to partners, setting out the tariff levels they would face come August.

To date, Trump has sent more than 20 such letters including to the EU, Japan, South Korea and Malaysia.

Canada and Mexico, both countries that were not originally targeted in Trump's "reciprocal" tariff push in April, also received similar documents outlining updated tariffs for their products.

But existing exemptions covering goods entering the United States under a North American trade pact are expected to remain in place, a US official earlier said.

Trump has unveiled blanket tariffs on trading partners in part to address what his administration deems as unfair practices that hurt American businesses.

Analysts have warned that without trade agreements, Americans could conclude that Trump's strategy to reshape US trading ties with the world has not worked.

"In the public's mind, the tariffs are the pain, and the agreements will be the gain. If there are no agreements, people will conclude his strategy was flawed," William Reinsch, senior adviser at the Center for Strategic and International Studies, previously told AFP.

C.M.Harper--TFWP