President Donald Trump announced Tuesday that he has just made a major deal with Indonesia.
Trump first hinted of the deal in a short post on Truth Social Tuesday morning.
“Great deal, for everybody, just made with Indonesia. I dealt directly with with their highly respected President. DETAILS TO FOLLOW!!!” he wrote.
In a follow-up post later, Trump released the following statement:
This morning I 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 Dollars in U.S. Energy, $4.5 Billion Dollars in American Agricultural Products, and 50 Boeing Jets, many of them 777’s.
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.
In addition, Indonesia will pay the United States a 19% Tariff on all Goods they export to us, while U.S. Exports to Indonesia are to be Tariff and Non Tariff Barrier FREE.
If there is any Transshipment from a higher Tariff Country, then that Tariff will be added on to the Tariff that Indonesia is paying. Thank you to the People of Indonesia for your friendship and commitment to balancing our Trade Deficit. We will keep DELIVERING for the American People, and the People of Indonesia!
Trump also spoke about the deal while responding to questions from reporters outside the White House.
WATCH BELOW:
President Trump on deal with Indonesia: “They are going to pay 19% and we are going to pay nothing. I think it’s a good deal for both parties, but we will have full access into Indonesia.” pic.twitter.com/dzRUb9CIEE
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