New York: U.S. President Donald Trump announced Tuesday that Indonesia will pay a 19 percent tariff on all goods exported to the United States, while U.S. exports to Indonesia are to be free of tariff- and non-tariff barriers.
Trump said on Truth Social that he "finalized an important Deal with the Republic of Indonesia after speaking with their Highly Respected President Prabowo Subianto. This landmark Deal opens up Indonesia's ENTIRE MARKET to the United States for the first time in History."
As part of the agreement, Indonesia has committed to purchasing 15 billion U.S. dollars in energy and 4.5 billion dollars in agricultural products from the U.S. market, besides 50 Boeing jets, he added.
"For the first time ever, our Ranchers, Farmers, and Fishermen will have Complete and Total Access to the Indonesian Market of over 280 million people," he wrote.
Before leaving for Pittsburgh, Pennsylvania, on Tuesday, Trump told reporters at the White House that "as you know, Indonesia is very strong on copper, but we have full access to everything." He also said Indonesia is rich in rare earths and various other materials.
Trump revealed that a couple more deals are going to be announced. "India basically is working along that same line. We're going to have access into India," he said.