financetom
Business
financetom
/
Business
/
US strikes trade deal with Indonesia, Trump says, without providing details
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US strikes trade deal with Indonesia, Trump says, without providing details
Jul 15, 2025 7:31 AM

WASHINGTON (Reuters) -President Donald Trump said on Tuesday that the United States had struck a trade deal with Indonesia.

"Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!" Trump said in a post on Truth Social.

Trump had threatened the southeast Asian country with a 32% tariff rate effective August 1 in a letter sent to its president last week.

Trump sent similar letters to roughly two dozen trading partners this month, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20% up to 50%, as well as a 50% tariff on copper.

The August 1 deadline gives the targeted countries time to negotiate agreements that could lower the threatened tariffs. Some investors and economists have also noted Trump's pattern of backing off his tariff threats.

Since launching his tariff policy, Trump has reached trade agreements with three other countries: China, the United Kingdom and Vietnam.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US DOJ Backs Colorado's Effort to Block Kroger-Albertsons Merger
US DOJ Backs Colorado's Effort to Block Kroger-Albertsons Merger
May 7, 2024
02:17 PM EDT, 05/07/2024 (MT Newswires) -- The US Department of Justice has thrown its support behind Colorado's bid to block the merger of Kroger ( KR ) and Albertsons ( ACI ) . The United States respectfully submits this brief ... to explain that [Kroger's ( KR ) and Albertsons' ( ACI )] motion to dismiss misunderstands the respective...
Top Midday Gainers
Top Midday Gainers
May 7, 2024
02:17 PM EDT, 05/07/2024 (MT Newswires) -- Golden Sun Health Technology Group ( GSUN ), formerly known as Golden Sun Education Group (GSUN), a provider of tutorial services in China, said Tuesday it regained compliance with the Nasdaq's minimum bid price requirement. Shares surged 76% as intraday trading volume catapulted to over 41.5 million from a daily average of about...
Eaton Partners With Endurant Energy to Deploy Battery Storage Projects in New York City
Eaton Partners With Endurant Energy to Deploy Battery Storage Projects in New York City
May 7, 2024
02:17 PM EDT, 05/07/2024 (MT Newswires) -- Eaton (ETN) said Tuesday it is collaborating with Endurant Energy to deploy 10 battery storage projects in New York City with a combined capacity exceeding 150 megawatt hours. The energy storage projects are valued at over $7 million, the company said. The projects will provide load relief for buildings and the grid during...
US electric utility Sempra's profit falls 17% in first quarter
US electric utility Sempra's profit falls 17% in first quarter
May 7, 2024
May 7 (Reuters) - Sempra Energy posted a 17% drop in first-quarter profit on Tuesday as it logged sharply lower revenue from its natural gas operations, although increases in its Texas power business helped cushion the fall. Sempra ( SRE ), which supplies electricity and natural gas to nearly 40 million customers in parts of California, Texas and Mexico, said...
Copyright 2023-2026 - www.financetom.com All Rights Reserved