US President Donald Trump said he settled on another tariff deal – this time with Indonesia.
Trump said he agreed to reduce the customs tariff he threatened with goods entering the United States from Indonesia to 19 %, in exchange for what he called “full access” to American companies.
The conditions of the deal were not confirmed immediately by the State of Southeast Asia, which is proud of a small but increasing trade relationship with the United States.
The agreement is the latest that appears after the White House revealed a barrage of definitions this spring, as a wave of commercial talks on duties began.
After suspending the most aggressive tariff plans since this year, Trump renewed his threats and sent warning messages to dozens of countries that intend to start charging a high tariff from August 1.
Its goals included all trade partners in America, including the European Union, Canada, Mexico, Japan and South Korea.
Indonesia also received a letter from Trump last week, setting 32 % tariff plans on its goods, and according to puzzling officials, they believed that an agreement was close.
Trump said on Tuesday that he reduced this rate after a phone call to the President of Indonesia.
He said as part of the deal, and Indonesia agreed to reduce the commercial tariffs of products from the United States, which the United States He complained It was high for many agricultural products as well as some manufactured goods.
“They will pay 19 % and we will pay anything … We will have full access to Indonesia,” he told reporters.
The country also agreed to purchase a value of $ 15 billion in the United States, $ 4.5 billion in American agricultural products and 50 Boeing aircraft, later written on social media.
These numbers are less than those shown in a commercial deal stated that Reuters reported earlier this month expected to be signed.
Indonesia occupies the occupation of one of the 25 best commercial partners in America, as it sent about $ 28 billion to the United States last year, including clothes, shoes and palm oil.
In addition to Indonesia, the administration announced only agreements with the United Kingdom, China and Vietnam. In all of these three cases, the deals left a high tariff in the United States while the main issues and conditions are unconfirmed or not resolved.
Evere Essenstat, a partner in Square Batton Bugs, who did an economic advisor during the Trump administration, said he expected the White House to reveal more deals in the coming weeks, noting that many countries have reduced their expectations for what they hope to achieve.
Refer Recent comments on Tuesday by Canadian Prime Minister Mark CarneWhich sparked the possibility that the country will accept definitions at the levels that are one day unimaginable.
“The tone is changing a lot,” he said, adding that he believed the deal was better than the lack of a deal.
“For governments, I think it is better to be at the negotiating table rather than moving away,” he added.
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