US Edition
Commentary: Will Indonesia regret its trade deal with Trump?
INDONESIA, JUL 23 – Indonesia agreed to eliminate 99% of tariffs on U.S. exports and to purchase $22.7 billion in U.S. goods, while the U.S. will impose a 19% tariff on Indonesian products.
- On July 22, 2025, The White House announced a reciprocal trade framework with Indonesia, eliminating 99% of its tariffs on U.S. exports and imposing a 19% tariff on Indonesian imports.
- Amid strategic tariff threats, the U.S. imposed a 10% baseline tariff from April 9 to July 9, with an Aug. 1 deadline looming.
- According to a Global Trade Research Initiative report, the framework secures USD 15 billion in energy purchases, USD 4.5 billion in agricultural imports and USD 3.2 billion in Boeing aircraft commitments.
- Global Trade Research Initiative said `The deal strongly favors the U.S., opens up Indonesia’s markets, weakens its domestic regulations, and damages its long-standing position at the WTO`, underscoring critics’ concerns.
- Looking ahead, the deal guarantees no tariffs above 19% through 2029, and for India, it serves as a warning of what to avoid in trade negotiations, GTRI asserted.
16 Articles
16 Articles
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