President Donald Trump said Tuesday the United States has reached a trade agreement with Indonesia after speaking with the country’s President Prabowo Subianto.
Hours after announcing the agreement on Truth Social, Trump told reporters that it calls for Indonesia to not charge any tariffs on American exports, while the US will impose a 19% tariff on Indonesian exports.
In a subsequent post on Truth Social, he said the agreement was “finalized.” However, the Indonesian government had yet to make any similar announcements on its end, as of Tuesday afternoon.
Trump also said Indonesia committed to buying “$15 Billion Dollars in U.S. Energy, $4.5 Billion Dollars in American Agricultural Products, and 50 Boeing Jets, many of them 777’s.”
Before departing the White House to speak at a summit in Pittsburgh, the president said Indonesia is “known for high-quality copper, which we’ll be using.” That may mean that copper from the country could face lower tariffs, or no tariffs, if Trump proceeds with
his threat to levy a 50% tax across all copper imports on August 1.
While Indonesia shipped $20 million worth of copper to the US last year, according to US Commerce Department data, that’s far behind top suppliers Chile and Canada, which sent $6 billion and $4 billion worth of the metal to the US last year.
