Trump says Indonesia to face 19% tariff under trade deal


Source: straitstimes.com straitstimes.com

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Find out what’s new on ST website and app. It remains unclear when the lower tariff level announced on July 15 will take effect for Indonesia. Washington - US President Donald Trump said on July 15 that he had struck a trade pact with Indonesia resulting in significant purchase commitments from the South-east Asian country, following negotiations to avoid steeper tariffs. Indonesian goods entering the United States would face a 19 per cent tariff, Mr Trump said in a post on his Truth Social platform. This is significantly below the 32 per cent level the President had earlier threatened. “As...