President Trump said on Tuesday that his administration will impose 19 percent tariff on Indonesia, reduce Import tax rate He slapped the nation last week, which was ready to be effective on 1 August.
Trump told the White House reporters, “We made a deal with Indonesia. I talked to his really great president, very popular, very strong, smart, and we deal with. We have full access to Indonesia, everything.” “As you know, Indonesia is very strong on copper, but we have complete access to everything, we will not give any tariff, so they are providing us access to Indonesia, which we have ever done.”
“This is probably the largest part of the deal. And the second part, they are going to pay 19 percent and we are not going to pay anything,” they continued. “I think this is a good deal for both sides.”
Trump sent a letter on 7 July Social on truth Set Indonesia’s tariff rate to 32 percent. He had earlier suggested that he was open to interact at tariff rates after sending letters to business partners.
“The great deal, for everyone, is just made up with Indonesia. I settled with my highly respected president. To follow the details !!!” Tusrap Wrote online Earlier Tuesday.
Indonesia is one of the top global producers of copper, which was warned by Trump earlier this month Hit with 50 percent tariff As a way to increase its production in the US, he said on Tuesday that the deal with Indonesia opens up the country’s copper use.
“Now, Indonesia has some great products, and they also have some very valuable earth and various other materials,” the President told reporters. “One of the things, as you know, are known for very high quality copper, which will be used.”
He also teased an upcoming agreement with India, which the administration officials Said that there is work for months.
“India is originally working with the same line,” said Trump. “We are going to reach India. And you have to understand, we had no access to any of these countries.”
The President has sent letters to about two dozen business partners Establishment of new tariff ratesIn Japan and Malaysia, 25 percent, including 40 percent on Myanmar and 36 percent on Thailand. Canada, European Union and Mexico – Some of America’s top trading partners were killed Updated tax rates Too.
Trump also mentioned on Tuesday that the latest data that increased inflation was “very high inside the margin”. Consumer Price Index of Labor Department increased by 0.3 percent in a month For an increase of 2.7 percent Compared to last year.
