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    Home»Business»Trump says U.S., Indonesia agreed to trade deal
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    Trump says U.S., Indonesia agreed to trade deal

    adminBy adminJuly 15, 2025No Comments2 Mins Read
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    Circle Squared Alternative Investments founder Jeff Sica discusses whether President Donald Trump’s new tariffs will cause a market meltdown on ‘Varney & Co.’

    President Donald Trump revealed Tuesday the U.S. and Indonesia have agreed to a trade agreement. 

    Trump said in a TruthSocial post that he “finalized an important Deal with the Republic of Indonesia after speaking with their Highly Respected President Prabowo Subianto” in the morning.

    He described it as a “landmark Deal” that “opens up Indonesia’s ENTIRE MARKET to the United States for the first time in History.” 

    US President Donald Trump speaks to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Tuesday, July 15, 2025. Trump will announce $70 billion in artificial intelligence and energy investmen (Al Drago/Bloomberg via Getty Images / Getty Images)

    Speaking with reporters on the White House grounds, Trump said Indonesia will pay a 19% tariff while the U.S. is “going to pay nothing.” 

    TRUMP ANNOUNCES SIGNIFICANT 30% TARIFFS AGAINST MEXICO, EU TO BEGIN NEXT MONTH

    “I think it’s a good deal for both parties,” he said.  

    He also said the country “has some great products” and “have some very valuable earths and various other materials.” 

    “One of the things they’re known for is very high-quality copper, which we’ll be using,” he added. 

    GET FOX BUSINESS ON THE GO BY CLICKING HERE

    The trade agreement with Indonesia includes the country committing to buy certain products from the U.S., Trump said in his TruthSocial post.

    President Donald Trump

    US President Donald Trump stands on the podium at the award ceremony for Chelsea FC – Paris Saint-Germain. (Sven Hoppe/picture alliance via Getty Images / Getty Images)

    According to Trump, Indonesia will buy $15 billion worth of U.S. energy, $4.5 billion of American agricultural products and dozens of Boeing planes.

    TRUMP ANNOUNCES VIETNAM TRADE DEAL, SAYS US GIVEN ‘TOTAL ACCESS’ TO THEIR MARKETS’

    “Thank you to the People of Indonesia for your friendship and commitment to balancing our Trade Deficit,” he wrote. “We will keep DELIVERING for the American People, and the People of Indonesia!”



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