A cargo port in North Jakarta, Indonesia - Photo: REUTERS
On July 15, US time, President Donald Trump announced on the social network Truth Social that he had "closed an important deal" on trade with Indonesia after talking with President Prabowo Subianto of this country.
Accordingly, Indonesian goods exported to the US will be subject to a 19% tax, lower than the 32% rate that Mr. Trump has threatened to impose on this country.
Goods in transit from a country with a higher tariff will have that tariff added to Indonesia’s. Conversely, US exports to Indonesia will be exempt from both tariffs and non-tariff barriers.
To get the tax reduction, Indonesia also had to commit to buying $15 billion in energy products, $4.5 billion in agricultural products from the US and 50 Boeing aircraft, including many Boeing 777s.
"For the first time, American ranchers, farmers, and fishermen will have full access to the Indonesian market of more than 280 million people," Mr. Trump wrote.
However, Mr. Trump did not specify the implementation time of this tax as well as the purchase agreements with Indonesia.
Reuters news agency quoted Mr. Susiwijono Moegiarso, a senior official of Indonesia's Coordinating Ministry of Economic Affairs , as saying that the country would soon announce the deal.
"We are preparing a joint statement between the US and Indonesia that will explain the scope of reciprocal tariffs for Indonesia, including tariff agreements, non-tariff agreements and trade. We will inform the public soon," the official said.
Previously, former Indonesian Deputy Foreign Minister Dino Patti Djalal also said that many people in the Indonesian Government were satisfied with the new agreement.
Indonesia's total trade turnover with the US will reach nearly 40 billion USD by 2024, not among Washington's top 15 major partners.
US exports to Indonesia rose 3.7% last year, while imports from Indonesia increased 4.8%, leaving the US with a trade deficit of nearly $18 billion.
Also on July 15, Mr. Trump told reporters that deals with other countries, including India, were still underway while negotiations with the European Union continued. In addition, the US would prepare to send tax notice letters to smaller countries with tariffs of “a little over 10%.”
The deal with Indonesia is one of the few the Trump administration has reached so far, ahead of an August 1 deadline when tariffs on most US imports are set to rise again.
Countries are urgently negotiating to reach a good tax rate with Washington. Meanwhile, the US's top trading partner, the EU, has announced that it is ready to retaliate if negotiations with Washington fail.
Source: https://tuoitre.vn/thoa-thuan-thue-quan-giua-my-va-indonesia-co-gi-20250716094738843.htm
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