FX.co ★ Trump Cuts Tariffs in Trade Deal with Indonesia

President Donald Trump announced a trade accord with Indonesia on Tuesday, with significant purchase commitments aimed at reducing tariff burdens. Through a statement on Truth Social, Trump revealed that tariffs on Indonesian products would decrease to 19%, down from the previously threatened rate of 32%. According to Trump, the agreement stipulates that Indonesia will procure $15 billion in U.S. energy, $4.5 billion in American agricultural products, and 50 Boeing jets, including a substantial number of 777 models. Details on when these tariff reductions and purchase commitments will be enacted remain unspecified. Trump attributed the deal's success to discussions with Indonesian President Prabowo Subianto and cautioned that any attempt to bypass these tariffs would incur stricter penalties.