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US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, DC, US, April 2, 2025. — Reuters
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US President Donald Trump announced on Tuesday that Indonesia would be imposed on Indonesia as part of a new trade deal with the Southeast Asian nation, adding that more deals are in the pipeline. He also provided the latest details about the incoming tariffs targeting pharmaceuticals.
Trump, who has called for a permanently more favorable trade terms and US trade deficit, as part of a wider effort to retrieve Washington’s global trade relations, a relatively SMALL USAL SMALL USE TRUE ACCOUNTS ACCOUNTS with Indonesia. He added that letters to set new tariff rates for dozens of smaller countries will be issued soon.
The agreement with Indonesia is one of the multiple that the Trump administration has finalized before the last date of August 1, when revenue on most US imports is to increase. Meanwhile, America’s largest trading partner, the European Union (EU), is developing retaliation in the case of Washington’s breakdown.
When this deadline is approaching, there was a dialogue with other countries, with most of the US seeking to avoid more than 10 % of US revenue that has been in place since April.
Rollouts of Trump’s policies have often been chaos. His tactics have threatened decades of negotiations in global trade barriers, harassing international financial markets and threatening a new wave of inflation.
Based on the Trump tariff announcements on Sunday, the Yale Budget Lab estimates that the US effective average tariff rate will increase between 2 percent and 3 percent before Trump’s return to the White House in January. The rate of consumption shifts will be reduced by 19.7 %, but it is still the highest since 1933.
Trump, like the preliminary agreement with Vietnam, outlined the Indonesian agreement, in which the flat tariff on exports to the United States doubles the current 10 % and there is no levies on US exports. It also includes fines rates for the so -called transmission of goods from China via China and commitment to buy some US goods.
“They are going to pay 19 % and we are going to pay anything … we will have full access to Indonesia, and we have some of the deals that are being announced,” Trump said outside the Oval Office. Trump later said on his true social platform that Indonesia has agreed to buy US $ 15 billion, $ 4.5 billion from US farm products and 50 Boeing jets, though no time frame was determined.
He told reporters that the contract with Vietnam was “very well set” but he said the details were not necessary.
Trump: India moves the same
Indonesia’s total trade with the United States – is less than $ 40 billion in total in 2024 – this is not in the top 15, but it is increasing. Last year, US exports to Indonesia increased by 3.7 percent, while imports increased by 4.8 percent, causing the United States to deficit about $ 18 billion in goods trade deficit.
According to data from the US Census Bureau of the International Trade Center’s Trade Map Tool, the high category of US imports from Indonesia was palm oil, electronics equipment last year, including data rotors and switches, shoes, car tires, natural rubber and frozen crabs.
Susseyejono Mogyyarsu, a senior official with the Ministry of Indonesia for Economic Affairs, told Reuters in a text message: “We are producing a joint statement between ourselves and Indonesia that will explain the tariff deal, non -flashlight and commercial arrangements.
Trump threatened the country with a 32 % tariff rate from August 1, in which a letter was sent to his president last week. It also sent similar letters to about two dozen trade partners this month, including Canada, Japan and Brazil, with tariff rate from 20 to 50 %, as well as 50 % tariff on copper.
Addressing Pittsburg on Tuesday, Trump said he supported blanket prices on complex talks, but his Treasury Secretary Scott Bresnet and Commerce Secretary Howard Lotnik wanted more trade agreements.
Upon returning to Washington, Trump told reporters that letters for many smaller countries would soon come out, which shows that they will face “more than 10 %” taxes.
He said that his administration would also announce taxes on imported pharmaceuticals in the United States, perhaps later this month, he started saying that he had called low tariff rates so that companies could be given time to transfer manufacturing to the United States before imposing too much tariffs.
The deadline of August 1 provides the target countries to discuss low revenue rates. Some economists have also noted Trump’s style of support for his own prices.
Since launching its prices policy, Trump has achieved only a few “framework” contracts, which has also reduced the first promises of “90 deals” in 90 days.
So far, there have been such deals with the UK and Vietnam, and an interim agreement has been signed with China to eliminate Trump’s prices, while talks between Washington and Beijing are underway.
Trump said talks with India are moving forward with the same line, saying that this deal will give us firms access to the big Indian market.
European Union retaliation
The progress made with Indonesia has emerged as the European Commission, which monitors trade for the European Union, which is ready to target US goods worth 72 billion euros (.1 84.1 billion).
Trump has threatened 30 % of the tax on imports from the European Union since August 1, one -level European officials say it is unacceptable and will end normal trade between the world’s two largest markets.
The list, which has been sent to EU member states and also sent by Reuters on Tuesday, has already taken Trump’s move to increase pressure on the block of 27 countries, and instead responded to US duties on cars and car parts and 10 % baseline tariff.
This package includes chemicals, medical appliances, electricity and precision equipment as well as agriculture and food products – alcohol, beer and spirits as well as a range of fruits and vegetables. It is worth 6.35 billion euros.
