For the first time, the United States will have full access to Indonesian markets, tariff-free. It comes after a trade agreement between officials there and President Donald Trump.
Pres. Trump says the landmark deal includes a promise from Indonesia to buy $15 billion in energy, $4.5 billion in U.S. ag exports, and 50 Boeing airliners.
In return, the United States will have full market access, but Indonesia will still be required to pay a 19% tariff on exports to the U.S.
Related Stories
StoneX Director of Fertilizer, Josh Linville, joins us to discuss fertilizer market trends and risk management strategies to navigate an uncertain farm economy and fluctuating agricultural input costs.
Panama matters to agriculture as both a freight corridor and a potential future market for U.S. ethanol.
Ethanol and feed coproduct exports remain strong outlets for corn demand, even after April’s pullback.
Farm groups urged lawmakers to maintain free and fair trade across North America.