By: Brian Walczyk, Compliance Manager, TradeInsights, LCB, CCS

This morning President Trump announced a finalized deal with Indonesia regarding trade. The rate mentioned in the post is 19%, 13 points lower than the previous August 1^st rate.

The announcement comes less than a week from when Indonesia received its tariff letter indicating Indonesian goods would be subject to 32% if a deal was not reached ahead of the August 1^st deadline.

We will continue to provide updates as they are made available.

Please contact your V. Alexander account team, or you may also contact our Trade Compliance team at tradeinsights@valexander.com with any questions, and you can always follow us on our website www.valexander.com for updates on this and other topics.