"Donald Trump announced a new trade pact with Indonesia to avoid a 32% tariff, resulting in a commitment for $19.5 billion in purchases of US goods."
"As part of the agreement, Indonesia pledged to buy $15 billion in US energy, $4.5 billion in agricultural products, and aircraft from Boeing."
"While Indonesia's total trade with the US is growing, it does not rank among the top 15 trade partners, with a goods trade deficit of nearly $18 billion for the US."
"The exact implementation date for the reduced tariff and timeline for Indonesia's purchases remains unclear following the post-Agreement announcement."
US President Donald Trump has reached a trade agreement with Indonesia that includes major purchase commitments from the Southeast Asian nation. The agreement prevents a steep tariff rise from 32% to 19% on Indonesian goods entering the US. Indonesia will purchase $15 billion in US energy, $4.5 billion in American agricultural products, and 50 Boeing jets. Though trade with Indonesia is increasing, it does not rank top among US trade partners, with an $18 billion goods deficit projected for the US.
Read at www.theguardian.com
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