Indonesia, Donald Trump and tariff
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The US has struck a trade deal with Indonesia, under which Indonesian products entering the US will face a 19 per cent tariff – down from the 32 per cent initially threatened by president Donald Trump.
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.
European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.
The government will execute gas and oil imports only if negotiations between Indonesia and U.S. results in lowered tariffs.