Trump sets 19% tariff on Indonesian goods in latest deal, EU readies retaliation

Free Malaysia Today

The US leader pushes for more favourable terms, negotiating additional deals while working to shrink the large trade deficit.  Read More:  https://www.freemalaysiatoday.com/category/business/2025/07/16/trump-sets-19-tariff-on-indonesian-goods-in-latest-deal-eu-readies-retaliation  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #DonaldTrump #USTariff #Indonesia

Transcript

00:00U.S. President Donald Trump has announced a new trade agreement with Indonesia, imposing

00:05a 19% U.S. tariff on Indonesian goods while granting U.S. exports full access to the Indonesian

00:11market with no reciprocal tariffs, Reuters reported.

00:15On his Truth Social platform, he announced that the deal includes Indonesia agreeing

00:19to purchase 15 billion U.S. dollars in U.S. energy products, 4.5 billion U.S. dollars

00:24in farm goods and 50 Boeing jets, though no timeline was specified.

00:29The largest trade with the U.S. totaled just under 40 billion U.S. dollars in 2024, with

00:33the U.S. running an 18 billion U.S. dollars in its deficit.

00:38U.S. exports to Indonesia rose 3.7% last year, while imports from there were up 48%.

00:44Top U.S. imports from Indonesia include palm oil, electronics, footwear, tires, rubber,

00:50and frozen shrimp.

00:52Trump had previously threatened Indonesia with a 32% tariff starting August 1st and has sent

00:57similar warnings to about two dozen countries, including Canada, Japan, and Brazil.

01:02Meanwhile, the European Union is preparing retaliatory tariffs on 84.1 billion U.S. dollars

01:07worth of U.S. goods if talks with Washington fail in response to Trump's proposed 30% tariff

01:13on EU imports.

01:18www.fearsm. state.gov.au

01:20An additional

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