Dubai Telegraph - Trump says Indonesia to face 19% tariff under trade deal

EUR -
AED 4.337117
AFN 76.762656
ALL 96.690162
AMD 446.927248
ANG 2.114034
AOA 1082.951157
ARS 1706.497244
AUD 1.68244
AWG 2.128702
AZN 2.010433
BAM 1.958639
BBD 2.377497
BDT 144.259118
BGN 1.983289
BHD 0.445186
BIF 3498.629352
BMD 1.180972
BND 1.500475
BOB 8.15679
BRL 6.187232
BSD 1.180436
BTN 106.6506
BWP 16.304635
BYN 3.382103
BYR 23147.04989
BZD 2.374031
CAD 1.611371
CDF 2598.138587
CHF 0.916718
CLF 0.025738
CLP 1016.273935
CNY 8.193815
CNH 8.190282
COP 4306.921972
CRC 586.244855
CUC 1.180972
CUP 31.295756
CVE 110.71603
CZK 24.335932
DJF 209.882176
DKK 7.468644
DOP 74.400996
DZD 153.380222
EGP 55.520676
ERN 17.714579
ETB 183.101047
FJD 2.596718
FKP 0.865051
GBP 0.862514
GEL 3.182672
GGP 0.865051
GHS 12.925722
GIP 0.865051
GMD 86.210869
GNF 10338.228629
GTQ 9.054125
GYD 246.965319
HKD 9.227347
HNL 31.187209
HRK 7.530706
HTG 154.834448
HUF 380.84815
IDR 19800.175432
ILS 3.639773
IMP 0.865051
INR 106.787321
IQD 1546.341572
IRR 49748.442871
ISK 144.999641
JEP 0.865051
JMD 184.988158
JOD 0.83734
JPY 184.110568
KES 152.345521
KGS 103.276207
KHR 4820.140141
KMF 493.646051
KPW 1062.85968
KRW 1713.425195
KWD 0.3627
KYD 0.983726
KZT 591.807883
LAK 25390.698778
LBP 105706.484245
LKR 365.369639
LRD 219.556409
LSL 18.906807
LTL 3.487103
LVL 0.714358
LYD 7.462818
MAD 10.827996
MDL 19.989977
MGA 5231.561506
MKD 61.615362
MMK 2480.182693
MNT 4214.214591
MOP 9.49923
MRU 47.122308
MUR 54.194754
MVR 18.246332
MWK 2046.927884
MXN 20.367101
MYR 4.644173
MZN 75.286955
NAD 18.906807
NGN 1643.747318
NIO 43.442975
NOK 11.372518
NPR 170.641361
NZD 1.956085
OMR 0.454082
PAB 1.180406
PEN 3.97386
PGK 5.057331
PHP 69.713433
PKR 330.134963
PLN 4.224514
PYG 7831.352304
QAR 4.292322
RON 5.094947
RSD 117.380385
RUB 90.936379
RWF 1722.782753
SAR 4.428776
SBD 9.516392
SCR 16.236946
SDG 710.353715
SEK 10.523724
SGD 1.500295
SHP 0.886035
SLE 28.904271
SLL 24764.390087
SOS 673.476269
SRD 45.012156
STD 24443.734644
STN 24.535567
SVC 10.328973
SYP 13061.047544
SZL 18.913657
THB 37.40111
TJS 11.031184
TMT 4.145211
TND 3.413448
TOP 2.843497
TRY 51.367794
TTD 7.995556
TWD 37.305839
TZS 3051.678915
UAH 51.084452
UGX 4208.100049
USD 1.180972
UYU 45.465907
UZS 14450.948049
VES 438.897076
VND 30707.632207
VUV 141.17053
WST 3.219703
XAF 656.909254
XAG 0.013897
XAU 0.000238
XCD 3.191635
XCG 2.127384
XDR 0.816137
XOF 656.909254
XPF 119.331742
YER 281.514175
ZAR 18.859625
ZMK 10630.156708
ZMW 23.165483
ZWL 380.272481
  • RBGPF

    0.1000

    82.5

    +0.12%

  • VOD

    0.3400

    15.25

    +2.23%

  • BTI

    0.8800

    61.87

    +1.42%

  • BP

    1.1200

    38.82

    +2.89%

  • RYCEF

    0.2800

    16.95

    +1.65%

  • GSK

    0.8700

    53.34

    +1.63%

  • CMSC

    -0.0900

    23.66

    -0.38%

  • AZN

    -4.0900

    184.32

    -2.22%

  • SCS

    0.0200

    16.14

    +0.12%

  • NGG

    1.6200

    86.23

    +1.88%

  • RIO

    3.8500

    96.37

    +4%

  • RELX

    -5.0200

    30.51

    -16.45%

  • CMSD

    -0.1400

    23.94

    -0.58%

  • JRI

    -0.0300

    13.12

    -0.23%

  • BCC

    3.1800

    84.93

    +3.74%

  • BCE

    0.2700

    26.1

    +1.03%

Trump says Indonesia to face 19% tariff under trade deal
Trump says Indonesia to face 19% tariff under trade deal / Photo: ANDREW CABALLERO-REYNOLDS - AFP

Trump says Indonesia to face 19% tariff under trade deal

President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in a lower US tariff on the country's goods than earlier threatened, alongside better market access.

Text size:

"Great deal, for everybody, just made with Indonesia," Trump wrote on his Truth Social platform, saying that he worked with the country's president directly.

He later told reporters that Indonesia was "giving us access" and that goods from the Southeast Asian country would face a 19 percent tariff.

Trump did not elaborate on the improved access that he had touted, although he stressed that Indonesia is "very strong on copper" and other materials.

The Trump administration has been under pressure to finalize trade pacts after promising a flurry of deals, as countries sought negotiations with Washington to avoid Trump's tariff threats.

But the US president has so far only unveiled deals with Britain and Vietnam, alongside an agreement to temporarily lower tit-for-tat levies with China.

Last week, Trump renewed his threat of a 32 percent levy on Indonesian goods, saying in a letter to the country's leadership that this level would take effect August 1.

It remains unclear when the lower tariff level announced Tuesday will take effect for Indonesia.

"We have a couple of those deals that are going to be announced. India basically is working along that same line," Trump told reporters Tuesday, referring to market access.

Indonesia's former vice minister for foreign affairs Dino Patti Djalal told a Foreign Policy event Tuesday that government insiders had indicated they were happy with the new deal.

- Tariffs drive -

Trump in April imposed a 10 percent tariff on almost all trading partners, while announcing plans to eventually hike this level for dozens of economies, including the European Union and Indonesia.

But days before the steeper duties were due to take effect, he pushed the deadline back from July 9 to August 1. This marked his second postponement of the elevated levies.

Instead, since early last week, Trump has been sending letters to partners, setting out the tariff levels they would face come August.

To date, Trump has sent more than 20 such letters including to the EU, Japan, South Korea and Malaysia.

Canada and Mexico, both countries that were not originally targeted in Trump's "reciprocal" tariff push in April, also received similar documents outlining updated tariffs for their products.

But existing exemptions covering goods entering the United States under a North American trade pact are expected to remain in place, a US official earlier said.

Trump has unveiled blanket tariffs on trading partners in part to address what his administration deems as unfair practices that hurt American businesses.

Analysts have warned that without trade agreements, Americans could conclude that Trump's strategy to reshape US trading ties with the world has not worked.

"In the public's mind, the tariffs are the pain, and the agreements will be the gain. If there are no agreements, people will conclude his strategy was flawed," William Reinsch, senior adviser at the Center for Strategic and International Studies, previously told AFP.

A.El-Sewedy--DT