On July 15, President Trump announced a new trade agreement with Indonesia on Truth Social. “Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President,” he wrote.
Later, speaking to the press, Trump confirmed some details of the bilateral trade deal. Indonesian goods entering the United States would be subject to a 19% tariff, significantly lower than the rate of 32% on Liberation Day. In exchange, Indonesia will offer full tariff-free access for US exports, including agriculture ($4.5 billion), energy ($15 billion), and 50 Boeing aircraft, mostly 777s.
Comparable to Vietnam, Indonesia is required to halt transshipment activities. This is a common practice employed by China, relying on third-party countries to avoid US tariffs. The incentive for Indonesia is enormous, as it will enjoy one of the lowest tariff rates in the region, thereby garnering a competitive advantage in key shipments such as apparel and electronics.
https://www.libertynation.com/tale-of-t ... the-costs/
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