July 2025
On 15 July, President Trump announced via social media a new trade deal between the United States and Indonesia. This marks the third such deal since the introduction of the “Liberation Day” tariffs. Under the new deal, Indonesian exports to the US will be subject to a 19% import duty, while US goods will benefit from duty-free access to the Indonesian market — potentially accompanied by the removal of certain non-tariff barriers. The agreement also includes a commitment from Indonesia to purchase designated American products. While the announcement signals a significant shift in trade relations, many key details still need to be confirmed.