Trump announces trade deal with Indonesia

President Trump said Tuesday he struck a trade agreement with Indonesia, the fourth-most populous country.

“Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President,” Mr. Trump wrote on Truth Social, promising details shortly.

The pact is a sign that Mr. Trump’s negotiators are willing to adjust proposed tariffs so long as countries present a suitable deal by Aug. 1.

More difficult negotiations are ahead, however, notably with the European Union, a major trading bloc that accounted for nearly $1 trillion in trade with the U.S. in 2024.

Mr. Trump had threatened to impose a 32% tariff on goods Indonesia sends to America.

The U.S. trade deficit with Indonesia was $17.9 billion in 2024, meaning the Asian country of 285 million people sold a far higher dollar amount of goods to U.S. consumers than it bought from American producers.