President Donald Trump announced a new trade agreement with Indonesia on Tuesday, imposing a 19 percent tariff on Indonesian goods while securing commitments for $15 billion in U.S. energy exports, $4.5 billion in farm products, and 50 Boeing jets.
Speaking at the “Inaugural Pennsylvania Energy and Innovation Event” in Pittsburgh, Trump revealed the deal—finalized after talks with Indonesian President Prabowo Subianto—which avoids previously threatened 32 percent tariffs set to take effect August 1.
“As part of the Agreement, Indonesia has committed to purchasing $15 Billion Dollars in US Energy, $4.5 Billion Dollars in American Agricultural Products, and 50 Boeing Jets, many of them 777’s,” Trump posted on Truth Social, calling it a “great deal, for everybody.” Boeing shares showed little reaction.
Vietnam Deal ‘Pretty Well Set’
Separately, Trump confirmed the U.S.-Vietnam pact is “pretty well set,” though details—including enforcement against 40 percent tariffs for illegal transshipments—remain undisclosed. “We have a Vietnam deal, and I would say that deal is being pretty well set,” he told reporters at Joint Base Andrews.
Broader Tariff Push
The Indonesia deal marks Trump’s third trade agreement since April, following pacts with Vietnam and the UK. Talks continue with India and the EU, while letters outlining new tariffs (averaging “a little over 10 percent”) have been sent to 20+ nations, including Japan, South Korea, and the EU.
Indonesian officials, including ex-Vice Foreign Minister Dino Patti Djalal, privately expressed satisfaction with the terms. Trump’s delayed tariff hikes—now set for August 1—come after initial threats of sweeping 32 percent duties on key trading partners.
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