Trump imposed a 19% tariff on Indonesia.
The agreement imposes a 19 percent tariff on Indonesian goods entering the US, Trump said in a post on his Truth Social platform.
Under the deal, which was finalised after Trump spoke with Indonesian President Prabowo Subianto, goods that have been transshipped to avoid higher duties will face steeper levies.
“As part of the Agreement, Indonesia has committed to purchasing $15 Billion Dollars in US Energy, $4.5 Billion Dollars in American Agricultural Products, and 50 Boeing Jets, many of them 777’s,” Trump wrote.
In a separate post earlier on Tuesday, Trump touted the finalised pact as a “great deal, for everybody”.
Boeing stock remained relatively flat on the announcement.
Last week, Trump renewed his threat of a 32 percent levy on Indonesian goods, saying in a letter to the country’s leadership that this level would take effect August 1.
It remains unclear when the lower tariff level announced Tuesday will take effect for Indonesia. The period over which its various purchases will take place was also not specified.
