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Indonesian leader signs trade deal with Trump while in Washington for the Board of Peace
The deal includes $38.4 billion in commercial agreements and cooperation on critical minerals, aiming to boost economic security and reduce trade barriers between Indonesia and the U.S.
- On Thursday, Indonesian President Prabowo Subianto signed a reciprocal trade agreement with U.S. President Donald Trump in Washington at the inaugural Trump-led Board of Peace.
- Months-Long tariff talks had stalled over defining transshipped Chinese goods and a framework last summer set the U.S. tariff on Indonesian goods at 19%.
- Indonesian and U.S. firms struck 11 deals worth $38.4 billion, including purchases of 1 million tons of soybeans, 1.6 million tons of corn, 93,000 tons of cotton and a pledge for 5 million tons of U.S. wheat by 2030.
- Prabowo reiterated Indonesia's pledge to send 8,000 troops to the International Stabilization Force in Gaza, with 1,000 troops ready by April and the remainder arriving in June.
- Amid U.S.-China competition, Prabowo framed Indonesia as a `bridge` and `honest broker` while leaders from more than 20 nations prepare to pledge more than $5 billion for Gaza reconstruction.
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The White House announced a mutual trade agreement with Indonesia, led by President Prabowo Subianto, who attended the first meeting of the Board of Peace in Washington...
·Milan, Italy
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Indonesian President Prabowo Subianto and United States President Donald Trump signed a historic trade agreement.
The United States and Indonesia have announced a final agreement to reduce import tariffs on Indonesian goods to 19% from 32%, a significant move in Southeast Asian trade.
'Win-win' for both countries: Indonesia secures 19% tariff in US reciprocal trade deal
The deal takes effect 90 days after both sides complete the related legal procedures, but changes could still occur if both sides agree, said Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto.
·Singapore
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Total News Sources54
Leaning Left9Leaning Right9Center25Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 21%
C 58%
R 21%
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