Donald Trump said the US has reached a trade deal with Indonesia that will result in goods from the south-east Asian nation to the US being hit with a 19 per cent tariff and Jakarta buying American energy and Boeing jets.
The preliminary deal is the first with the more than 20 trading partners who last week received letters from Trump informing them of the tariffs their goods exported to the US would be subject to.
The US president threatened Jakarta with a 32 per cent levy in last week’s letter, but said on Tuesday he thought the latest arrangement — under which America will pay zero tariffs on exports to Indonesia — was “a good deal for both parties”.
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