President Donald Trump speaks to the media after the U.S. Supreme Court dealt a blow to the power of federal judges by restricting their ability to grant broad legal relief in cases as the justices acted in a legal fight over Trump's bid to limit birthright citizenship, in the Press Briefing Room at the White House in Washington D.C., June 27, 2025. (Reuters File)
Share
|
Getting your Trinity Audio player ready...
|
WASHINGTON – President Donald Trump said on Tuesday that the United States had struck a trade deal with Indonesia.
“Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!” Trump said in a post on Truth Social.
Trump had threatened the southeast Asian country with a 32% tariff rate effective August 1 in a letter sent to its president last week.
Trump sent similar letters to roughly two dozen trading partners this month, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20% up to 50%, as well as a 50% tariff on copper.
The August 1 deadline gives the targeted countries time to negotiate agreements that could lower the threatened tariffs. Some investors and economists have also noted Trump’s pattern of backing off his tariff threats.
Since launching his tariff policy, Trump has reached trade agreements with three other countries: China, the United Kingdom and Vietnam.
—
(Reporting by Bhargav Acharya; editing by Rami Ayyub)
RELATED TOPICS:
Categories
Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest
Israel Pounds Gaza City Suburbs, Netanyahu to Convene Security Cabinet
Trump Says He Will Order Voter ID Requirement for Every Vote
Greta Thunberg Joins Flotilla Heading for Gaza With Aid
Chicago Mayor Says Police Will Not Aid Federal Troops or Agents
