Trump says Indonesia to face 19% tariff, buy 50 Boeing jets in $19B trade deal

Indonesia will face a 19% tariff on its exports to the U.S. under a new trade deal announced by President Donald Trump.

This is significantly below the 32% level the president earlier threatened. In return, Indonesia has agreed to remove all duties on American imports and purchase more than $19 billion worth of U.S. goods, including 50 Boeing jets.

“We’re going to have full access to Indonesia,” Trump said Tuesday at the White House. “They’re paying 19%, and we’re not paying anything.”

“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 post on his Truth Social platform.

The Trump administration has been under mounting pressure to deliver on its pledge of a wave of trade agreements, as several countries sought negotiations to avoid the president’s planned tariffs. So far, Trump has only announced deals with Britain and Vietnam, along with a temporary easing of reciprocal tariffs with China.

Trump separately told reporters that more deals are in the pipeline, including with India, while negotiations with the European Union are still ongoing.

Here are Indonesia-linked ETFs: (NYSEARCA:EIDO) and (NYSEARCA:IDX)

Here are some exchange-traded funds that track the benchmark S&P 500 index (SP500): (NYSEARCA:SPY), (NYSEARCA:VOO), (NYSEARCA:IVV), (NYSEARCA:RSP), (NYSEARCA:SSO), (NYSEARCA:UPRO), (NYSEARCA:SH), (NYSEARCA:SDS), and (NYSEARCA:SPXU)

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