NEW YORK, July 16 (Bernama-Xinhua) -- US President Donald Trump announced on Tuesday that Indonesia will pay a 19 per cent tariff on all goods exported to the United States (US), while US exports to Indonesia are to be free of tariff- and non-tariff barriers, reported Xinhua.
Trump said on Truth Social that he "finalised an important Deal with the Republic of Indonesia after speaking with President Prabowo Subianto. This landmark Deal opens up Indonesia's ENTIRE MARKET to the United States for the first time in History."
As part of the agreement, Indonesia has committed to purchasing US$15 billion in energy and US$4.5 billion in agricultural products from the US market, besides 50 Boeing jets, he added.
"For the first time ever, our Ranchers, Farmers, and Fishermen will have Complete and Total Access to the Indonesian Market of over 280 million people," he wrote.
Before leaving for Pittsburgh, Pennsylvania, on Tuesday, Trump told reporters at the White House that "as you know, Indonesia is very strong on copper, but we have full access to everything”. He also said that Indonesia is rich in rare earths and various other materials.
Trump revealed that a couple more deals are going to be announced. "India basically is working along that same line. We're going to have access into India," he said.
-- BERNAMA-XINHUA
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