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View all search resultsTrump had threatened Indonesia with a 32 percent tariff rate effective Aug. 1 in a letter sent to its president last week.
United States President Donald Trump said on Tuesday that the United States had struck a trade deal with Indonesia.
"Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!" Trump said in a post on Truth Social.
Trump had threatened the Southeast Asian country with a 32 percent tariff rate effective Aug. 1 in a letter sent to its president last week.
Trump sent similar letters to roughly two dozen trading partners this month, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20 percent up to 50 percent, as well as a 50 percent tariff on copper.
The Aug. 1 deadline gives the targeted countries time to negotiate agreements that could lower the threatened tariffs. Some investors and economists have also noted Trump's pattern of backing off his tariff threats.
Since launching his tariff policy, Trump has reached trade agreements with three other countries: China, the United Kingdom and Vietnam.
On Sunday, Indonesia and the EU struck a political agreement to advance a free trade deal that has been a decade in the making, and which analysts predict could enter into force by 2027.
In a veiled swipe on the Trump tariffs, European Commission President Ursula von der Leyen said in Brussels: “We are sending a strong message about the importance of predictable long-term partnerships that are built on trust, reciprocity, transparency and shared values.” (tjs)
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