U.S. President Donald Trump has shared news of a trade agreement with Indonesia, though the specifics of this agreement remain unclear.
Details of the Agreement with Indonesia
Trump posted on Truth Social, stating, "Great deal for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!" This agreement marks Trump's fourth trade agreement since implementing reciprocal tariffs in April.
Previous Trade Agreements
Previously, Trump has made agreements with the UK, China, and Vietnam. For instance, the U.S. now imposes only a 20% duty on goods from Vietnam, along with a 40% levy for countries that use Vietnam to export their products to the U.S.
Reactions from Other Countries
Reports indicate that the Vietnamese government was surprised by Trump's announcement of the deal. They expect to be able to negotiate the 20% tariff downward, referring to instructions from their leadership. Meanwhile, Canada has also indicated a willingness to negotiate with Trump, suggesting that the new agreement is likely to include tariffs.
In conclusion, the new agreement with Indonesia adds another element to Trump's portfolio of trade deals, but specific details will be disclosed later.
