Trump slaps Indonesia with a 19% tariff rate
President Donald Trump on Tuesday said he has reached a preliminary trade deal with Indonesia that will set a 19% tariff on the Southeast Asian country’s exports to the US.
This revision in tariff rate came a week after Trump threatened a 32% tariff on Indonesia and he also took to his Truth Social platform to announce that he has dealt directly with Prabowo Subianto, Indonesia’s President.
Apart from Indonesia, the final terms of trade deals with the UK and Vietnam are yet to be negotiated. As far as Vietnam is concerned, Matt Priest, The Footwear Distributors and Retailers of America president and CEO, cited lack of certainty on tariffs as a major cause of concern in the shoe industry.
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