Indonesia, US and Trump
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The US President announced a list of updates concerning US trade tariffs on Tuesday, including a deal with Indonesia and his plans to gradually increase tariffs on pharmaceutical imports. View on euro
Financial markets greeted US President Donald Trump’s tariff deal with Indonesia with little fanfare Wednesday, signaling the rate of around 20% that was once viewed as punitive is now seen as workable.
European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.
The government will execute gas and oil imports only if negotiations between Indonesia and U.S. results in lowered tariffs.