U.S. and Indonesia Trade Deal
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U.S. and Indonesia Trade Deal
Posted on Jul 15
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 1st 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 1st deadline.
We will continue to provide updates as they are made available.
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