Indonesia, Donald Trump and tariff
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Financial markets greeted US President Donald Trump’s tariff deal with Indonesia with little fanfare Wednesday, signaling the rate of around 20% that was once viewed as punitive is now seen as workable.
The government will execute gas and oil imports only if negotiations between Indonesia and U.S. results in lowered tariffs.
President Donald Trump has been sending letters to countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.
A truck drives past stacks of containers at Jakarta International Container Terminal (JICT) at Tanjung Priok Port in Jakarta, Indonesia, Wednesday, July 9, 2025.
Economists and investors urge Bank Indonesia (BI) to lower interest rates to boost the economy, citing new U.S. import tariffs.