Trump Announces Trade Deal with Indonesia Amid Tariff Threats
U.S. President Donald Trump announced on Tuesday that the United States (U.S.) has reached a trade agreement with Indonesia, though he did not disclose any details regarding the terms of the deal.
In a post on his social media platform, Trump wrote: 'A great deal for all, just struck with Indonesia. I dealt directly with their respected President. Details coming soon!'
According to U.S. news outlet "Axios", this marks the first agreement reached with a country that received one of Trump's letters last week, which warned of potential tariffs ranging from 20% to 30%.
The letter sent to Indonesia specifically threatened the imposition of a 32% tariff on Indonesian goods, effective August 1st.
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