Indonesian President Prabowo Subianto welcomes deal to lower tariff rate from 32 to 19 percent.<\/p>\n
Indonesia\u2019s leader has welcomed\u00a0United States President Donald Trump\u2019s announcement that he will slash tariffs for Southeast Asia\u2019s biggest economy, hailing the beginning of a \u201cnew era of mutual benefit\u201d.<\/p>\n
Indonesian President Prabowo Subianto\u2019s remarks on Wednesday came after Trump said he had sealed a trade deal with Jakarta under which his tariff rate would fall from 32 percent to 19 percent.<\/p>\n
\u201cI had a very good call with President Donald Trump,\u201d Indonesian President Prabowo Subianto said in a post on Instagram on Wednesday.<\/p>\n
\u201cTogether, we agreed and concluded to take trade relations between Indonesia and the United States into a new era of mutual benefit between our two great nations. President Trump extends his warm regards to the people of Indonesia.\u201d<\/p>\n
Prabowo\u2019s presidential spokesman, Hasan Nasbi, told a news conference that the agreement was the culmination of an \u201cextraordinary effort\u201d by Indonesia\u2019s negotiating team.<\/p>\n
\u201cSo if we use an analogy, there is a house that built a fence, and the fence was initially 32 for us. After negotiations, the fence could be lowered to 19,\u201d Nasbi told local media in Jakarta.<\/p>\n
\u201cYes, of course, this is progress that cannot be called small progress, nor can it be considered a minor achievement.\u201d<\/p>\n
Nasbi declined to elaborate on the details of the agreement beyond the lower tariff rate, saying Prabowo would provide more information upon returning from his state visit to France.<\/p>\n
In his initial announcement of the deal on Truth Social on Tuesday, Trump said Indonesia had agreed to buy $15bn of US energy exports, $4.5bn of US agricultural products, and 50 Boeing jets.<\/p>\n
Trump said later on Tuesday that the US exporters would have \u201cfull access to everything\u201d and pay no tariffs.<\/p>\n
\u201cThey are going to pay 19 percent, and we are going to pay nothing,\u201d Trump told reporters at the White House.<\/p>\n
\u201cI think it\u2019s a good deal for both parties.\u201d<\/p>\n
Indonesia ranked 24th among the US\u2019 top trading partners in 2024, with two-way goods trade worth $38.3bn, according to the Office of the US Trade Representative.<\/p>\n
The US had a $17.9bn trade deficit with Indonesia the same year, according to the trade office.<\/p>\n","protected":false},"excerpt":{"rendered":"Indonesian President Prabowo Subianto welcomes deal to lower tariff rate from 32 to 19 percent. Indonesia\u2019s leader has…\n","protected":false},"author":2,"featured_media":13820,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,1204,12,101,3996,3139,3,104,21,19,22,20,25,24],"class_list":{"0":"post-13819","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-america","9":"tag-asia-pacific","10":"tag-donald-trump","11":"tag-economy","12":"tag-indonesia","13":"tag-international-trade","14":"tag-news","15":"tag-trade-war","16":"tag-united-states","17":"tag-united-states-of-america","18":"tag-unitedstates","19":"tag-unitedstatesofamerica","20":"tag-us","21":"tag-usa"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/13819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=13819"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/13819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/13820"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=13819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=13819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=13819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}