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President Donald Trump said on Tuesday that the United States and Indonesia have reached an agreement on a trade deal.
According to Trump, the United States is paying a 19 percent import from Indonesia under the treaty, and US exports to the country do not face any taxes. The president also said that Indonesia will also buy $ 15 billion in energy, $ 4.5 billion from agricultural products and 50 jet Boeing from the United States.
Trump unveiled the details of the deal just more than a week after the alert of the word leaders, through more the same letters, with the new tariffs on August 1. Imports from Indonesia imported to Indonesia President Prabowo Subianto for 32 % tax on a letter.
The Trump administration has not yet released official documentation of the deal. Since the press, Indonesia’s leadership has not yet endorsed the contract through official channels.
However, the Indonesian coordinating minister for economic affairs said on Friday that the 32 % pursuit of the US and Indonesia has been postponed over the next three weeks. Hartarto’s remarks came after meeting with the US Trading Secretary of the United States Howard Luttenik and the US trade representative, Jimison Greier.
The United States had approximately $ 18 billion in trade with Indonesia last year with Indonesia, accounting for 0.7 % of the US trade for the US International Commission.
Indonesia is the fourth country that Trump claims that the United States has agreed with an agreement, though the status of the previous transactions is unknown.
The United States has finalized several provisions of the British treaty, while dealing with China still needs to be approved by both countries. Trump said his government also guaranteed an agreement with Vietnam earlier this month, but no official confirmation of the country’s leadership has been made.
Kelly Stro was involved in this article.
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