Trump Announces Trade Agreement with Indonesia: 19% Tariff for Indonesia, 0% for the US (Summary)

“Direct Negotiations with Indonesian President”…Second Agreement with an Asian Country after Vietnam
“US Secures Full Access to Indonesian Market…Expect More Agreements Like This” ,
,
,

US President Donald Trump answering questions from the press
[Washington Reuters=Yonhap News. Redistribution and database storage prohibited],
,
, ‘(Washington=Yonhap News) Correspondent Park Seong-min = US President Donald Trump announced on the 15th (local time) that he has concluded trade negotiations with Indonesia.’,
,
, ‘ President Trump wrote on the social media platform he founded, Truth Social, “A great deal for everyone with Indonesia has just been completed.”‘,
,
, ‘ He continued, “I negotiated directly with their respected president” and added that “specific details will follow.”‘,
,
, ‘ As a result, Indonesia becomes the second Asian country, after Vietnam, to reach a new agreement with the US since President Trump announced reciprocal tariffs last April.’,
,
, ‘ Including the UK, which was the first to sign a trade agreement with the US amidst Trump’s global tariff war, there are now three countries in total.’,
,
, ‘ Trump told reporters at the White House before departing for Pittsburgh, Pennsylvania, later in the afternoon, “They (Indonesia) will pay 19% (in tariffs) and we won’t pay anything.”‘,
,
, ‘ This means Indonesian products entering the US will incur a 19% tariff, while American products exported to Indonesia will not be subjected to any tariffs.’,
,
, ‘ The tariff rate on Indonesia is significantly lower than the 32% announced in the reciprocal tariffs unveiled last April and in the tariff letter published on the 7th.’,
,
, ‘ Trump also stated, “As you know, Indonesia is very strong in the copper sector. However, we have secured full access to all sectors (in Indonesia)” indicating that non-tariff trade barriers have also been resolved, allowing US companies to engage in business across all sectors.’,
,
, ‘ Previously, Trump had announced a 50% tariff on foreign copper starting next month, but it was not clarified whether the same rate or 19% would apply to Indonesian copper.’,
,
, ‘ According to Reuters, the trade volume between the US and Indonesia last year was approximately $40 billion, not within the top 15 but on a growth trend.’,
,
, ‘ Last year, US exports to Indonesia increased by 3.7%, while imports rose by 4.8%, resulting in a trade deficit of about $18 billion.’,
,
, ‘ Additionally, President Trump stated that several agreements like this one (with Indonesia) will be announced and indicated that “we are proceeding in the same direction with India, and we will gain full access to India.”‘,
,
, ‘ He emphasized, “We previously had no access to these countries, but tariffs have enabled us to gain access.”‘,
,
, ‘ min22@yna.co.kr’,
,
,