Macroeconomics

Indonesia Says US Trade Deal Reached after Extraordinary Struggle

July 16, 2025, 02.08 PM | Source: Reuters
Indonesia Says US Trade Deal Reached after Extraordinary Struggle

ILUSTRASI. Trade deal sets US tariffs at 19% vs feared 32% with Indonesia agrees to buy more US planes, energy, farm products

INDONESIA - AS - JAKARTA. Indonesia said on Wednesday it had reached a trade deal with the United States after an "extraordinary struggle" in negotiations which resulted in a reduction of proposed U.S. tariff rates on the Southeast Asian country's exports to 19% from 32%.

U.S. President Donald Trump said on Tuesday a deal had been struck after he spoke to Indonesian President Prabowo Subianto. The deal is among only a handful reached so far by the Trump administration ahead of an August 1 deadline for negotiations.

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