00:00The Indonesian government on Wednesday said it had reached a trade deal with the United States
00:06after what it described as an extraordinary struggle in negotiations.
00:11Their talks resulted in a reduction of proposed U.S. tariff rates on Indonesian goods from 32% to 19%.
00:30This is a war-warned war from our negotiations, which is a war-warned war, which is a war-warned war, which is a war-warned war by President Donald Trump.
00:41And this is the point of view between the government and the government of the United States.
00:47When Vietnam, from the beginning of the year, negotiations with the United States,
00:54it has reached 20%, there are many people who appreciate it because they have managed to negotiate with the United States.
01:04Now, our government, from the beginning of the year, has reached 19%.
01:09So, it's less than the other countries in Asia.
01:15President Indonesia, Prabowo Subianto, said he and his American counterpart Donald Trump had agreed
01:22and concluded to take trade relations between the two nations into a new era of mutual benefits.
01:28I spoke to their really great president, very popular, very strong, smart.
01:34And we made the deal.
01:36We have full access to Indonesia, everything.
01:39We will pay no tariffs.
01:41So, they are giving us access into Indonesia, which we never had.
01:46That's probably the biggest part of the deal.
01:48And the other part is they are going to pay 19%.
01:52And we are going to pay nothing.
01:55And you have to understand, we had no access into any of these countries.
01:58Our people couldn't go in.
02:00And now we're getting access because of what we're doing with the tariffs.
02:04Now, Indonesia has some great product.
02:06And they also have some very valuable earths and various other materials.
02:11One of the things, as you know, they're known for is very high-quality copper, which we'll be using.
02:16Last year, Indonesia ran a goods trade surplus of 17.9 billion U.S. dollars with the U.S.
02:23Yes.
02:31arness.
02:32You
02:37You
02:42You
02:43You
02:44You
02:50You
Comments