President Donald Trump announced what he called a “landmark” trade agreement with Indonesia, opening up the Southeast Asian giant to American companies, while signing big deals for American aviation and energy companies along the way.
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What Happened: In a Truth Social post on Tuesday, Trump laid out the terms of the deal, which involves Indonesia buying $15 billion worth of U.S. energy and $4.5 billion in agricultural products, alongside 50 Boeing Co. (NYSE:BA) jets, “many of them 777s,” he says.
At the same time, he says, Indonesia will “pay a 19% tariff on all goods exported to the U.S.,” while American exports to the nation will be “tariff and non-tariff barrier FREE.”
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