President Donald Trump on Tuesday announced a sweeping new trade agreement with Indonesia, marking a historic realignment of U.S. trade terms with the world’s fourth most populous country.
“This morning I finalized an important Deal with the Republic of Indonesia after speaking with their Highly Respected President Prabowo Subianto,” Trump wrote on Truth Social. “This landmark Deal opens up Indonesia’s ENTIRE MARKET to the United States for the first time in History.”
What’s In the Deal
Under the agreement:
Indonesia will purchase $15 billion in U.S. energy exports,
$4.5 billion in American agricultural goods, and
50 Boeing aircraft, primarily the 777 model, made in the U.S.
In return, U.S. exports to Indonesia will face zero tariffs, while Indonesian goods will be taxed at 19% upon entering the American market.
“For the first time ever, our Ranchers, Farmers, and Fishermen will have Complete and Total Access to the Indonesian Market of over 280 million people,” Trump said.
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