Listen to the article
This audio is auto-generated. Please let us know if you have feedback.
The U.S. and Indonesia have come to terms on a trade deal, President Donald Trump said on Truth Social Tuesday.Â
According to Trump, the U.S. would charge a 19% tariff on imports from Indonesia under the pact, with U.S. exports to the country facing no levies. Indonesia would also purchase $15 billion of energy products, $4.5 billion of agriculture products and 50 Boeing jets from the U.S., the president said.Â
Trump unveiled the details of the deal just over a week after he began alerting word leaders, via mostly-identical letters, that new country-specific tariffs would begin Aug. 1. Imports from Indonesia were slated to incur a 32% levy, per a letter addressed to Indonesia’s President Prabowo Subianto.
The Trump administration has yet to release official documentation of the deal. As of press time, Indonesia’s leadership has yet to confirm the deal through official channels.
However, Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto on Friday said the 32% tariff was being postponed as the U.S. and Indonesia continue negotiations over the next three weeks. Hartarto’s comments came after a meeting with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer.Â
The U.S. had a roughly $18 billion trade deficit with Indonesia last year, with imports from the country making up 0.7% of U.S. trade, per U.S. International Trade Commission data.
Indonesia is the fourth country Trump claims the U.S. has reached an agreement with during the pause, although the status of earlier deals remain unclear. Â
The U.S. has finalized several provisions of a pact with the U.K., while a deal with China still requires approval from both countries. Trump said his administration also secured a deal with Vietnam earlier this month, but there has been no official confirmation from the country’s leadership.Â
Kelly Stroh contributed to this article.Â
