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Trump's Bold Trade Deal: 19% Tariff on Indonesia

7/15/2025

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Summary

Story summary

In a bold move, President Trump unveiled a trade agreement with Indonesia, imposing a 19% tariff on their exports while sparing US goods from tariffs. Indonesia pledged to buy $15 billion in US energy and 50 Boeing jets, marking a significant shift in trade dynamics following Trump's earlier threats of increased tariffs.

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Story summary

In a bold move, President Trump unveiled a trade agreement with Indonesia, imposing a 19% tariff on their exports while sparing US goods from tariffs. Indonesia pledged to buy $15 billion in US energy and 50 Boeing jets, marking a significant shift in trade dynamics following Trump's earlier threats of increased tariffs.