Here’s a breakdown of the provided text, focusing on the key claims and context:
Core Claims by Trump:
Indonesia Deal: Donald Trump announced a trade deal with Indonesia.
Tariff Rate: Indonesia will pay a 19% tariff. This is a reduction from a previously threatened 32% duty.
Purchases by Indonesia:
$15 Billion in U.S. energy
$4.5 Billion in American Agricultural Products
50 Boeing Jets (many 777s)
Reciprocal Tariff Reduction: Commerce Secretary Howard Lutnick suggested indonesia would drop its tariffs on U.S. goods, stating, “No tariffs there. They pay tariffs here.”
Direct Negotiation: Trump stated he spoke directly with Indonesian President prabowo Subianto to make the deal.
Context and Supporting Information:
Garuda’s Interest: Indonesian airline Garuda was reportedly in talks to buy between 50 and 75 Boeing aircraft, aligning with Trump’s claim.
U.S.-Indonesia Trade: Indonesia is a top 25 U.S. trade partner, with over $38 billion in goods traded in 2024. The U.S. had a $17.9 billion trade deficit with Indonesia last year.
Uncertainty and Lack of Official Confirmation:
Jakarta’s Approval: It was not immediately clear if Jakarta (the Indonesian government) had approved the deal terms as described by Trump.
Embassy Response: The Indonesian embassy in Washington, D.C., did not immediately respond to CNBC’s request for comment.
White House Response: The White House did not respond to CNBC’s requests for additional information.
Comparison to Vietnam Deal:
Similar Pattern: Trump’s announcement about Indonesia closely mirrors his July 2 announcement of a trade deal with Vietnam.
Vietnam Deal Details: The Vietnam deal was also initially short on details, with Trump later stating a 20% tariff on Vietnamese imports. Vietnam’s Surprise: Vietnamese officials were reportedly surprised by Trump’s description of their preliminary deal, and as of July 10, the Vietnamese government had not formally accepted part of the deal.
Trump’s Negotiation Style:
* Eschewing Customary process: the article notes that Trump has recently been bypassing traditional trade negotiation processes, instead sending letters to trade partners dictating new U.S. tariff rates.
Overall:
The article reports on a claimed trade deal between the U.S. and Indonesia announced by Donald Trump.While Trump provided specific figures for purchases and a tariff rate, the article highlights a lack of immediate official confirmation from the Indonesian government and the White House. it also draws parallels to a similar, perhaps unconfirmed, deal with Vietnam, suggesting a pattern in Trump’s recent trade announcements.
