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.
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.