Trump: "Completed an excellent trade agreement with Indonesia… I negotiated it myself"

Korea Economic Daily

Summary

U.S. President Donald Trump announced the conclusion of a trade agreement with Indonesia.
It was reported that this negotiation was conducted directly between President Trump and the President of Indonesia.
Previously, President Trump imposed a 32% reciprocal tariff rate, and he noted that the effects of this agreement on the investment environment should be closely watched.

U.S. President Donald Trump announced on the 15th (local time) that a trade agreement had been concluded with Indonesia.

President Trump wrote on his social network service, Truth Social, "An excellent agreement with Indonesia for everyone has just been completed."

He added, "I personally negotiated with their respected President. Further details will follow."

Since President Trump's announcement of reciprocal tariffs last April, the number of Asian countries to sign new agreements with the United States has increased to two, with Indonesia following Vietnam.

When he announced the country-specific reciprocal tariffs in April, President Trump set a reciprocal tariff rate of 32% for Indonesia, and maintained the same rate in the tariff letter sent on the 7th.

Boba Lee, guest reporter at Hankyung.com newsinfo@hankyung.com