Indonesia’s Prabowo hails ‘new era’ in US ties after Trump trade deal
Summary
The United States and Indonesia have reached a trade agreement where the U.S. will lower its tariffs on Indonesian products from 32% to 19%. In exchange, Indonesia has agreed to purchase a significant amount of U.S. goods, including energy, agriculture products, and Boeing jets.Key Facts
- The U.S. will reduce tariffs on Indonesian goods from 32% to 19%.
- Indonesian President Prabowo Subianto announced the deal after speaking with U.S. President Donald Trump.
- Indonesia agreed to buy $15 billion of U.S. energy exports.
- Indonesia also committed to purchasing $4.5 billion of U.S. agricultural products.
- As part of the deal, Indonesia will purchase 50 Boeing jets.
- The agreement aims to strengthen trade relations between the two countries.
- In 2024, Indonesia was the 24th largest trade partner of the U.S., with $38.3 billion in two-way trade.
- The U.S. had a $17.9 billion trade deficit with Indonesia in 2024.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
