Trump Announces 19% US Tariff on Indonesia in New Trade Deal
CNBC TelevisionAugust 7, 20251 min5,785 views
6 connections·7 entities in this video→New Trade Agreement with Indonesia
- 📣 President Trump announced a new trade deal with Indonesia via social media.
- 📈 The agreement includes a 19% US tariff rate on Indonesia.
- 📉 In return, Indonesia will reduce tariffs to zero on 99% of US exports to their country.
Key Concessions and Benefits
- 🚗 Indonesia has agreed to accept US federal motor vehicle standards.
- 💎 The country will also remove export restrictions on critical minerals.
- 🛠️ Other non-tariff trade barriers considered problematic by the US will be addressed.
Expected Economic Impact
- 🏭 The president hailed the deal as a huge win for US automakers, tech companies, workers, farmers, ranchers, and manufacturers.
- ⏳ This announcement comes as the US tracks towards an August 1 deadline for trade policy.
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What’s Discussed
Trade PolicyTariffsIndonesiaUS ExportsMotor Vehicle StandardsCritical MineralsTrade BarriersAutomakersFarmersManufacturers
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