US President Donald Trump announced a new trade agreement with Indonesia, lowering proposed tariffs on Indonesian goods to 19 percent in exchange for full access for American firms. Indonesia, in turn, will buy 15 billion dollars in US energy, 4.5 billion dollars in agricultural goods, and 50 Boeing jets. Terms of the deal were not immediately confirmed by Indonesia, however, President Prabowo Subianto called it a new era of mutual benefit.
Meanwhile, the US imposed a 17 percent tariff on Mexican tomatoes, citing unfair pricing. Mexico denied the claim, warning of rising food prices. The developments come amid renewed White House efforts to reshape global trade through aggressive tariffs.
