U.S. Signs Landmark Trade Deal with Indonesia

$15 billion in U.S. energy, $4.5 billion ag products, 50 Boeing jets—plus a 19% tariff on Indonesian exports in exchange for U.S. market access.

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.

LATEST STORIES BY THIS AUTHOR:

Sen. Roger Marshall explains which types of beef are imported into the United States, how there’s room for new imports, and logical reasons for current high prices.
U.S. Senator Deb Fischer (R-NE) discusses the USDA’s new cattle plan, ethanol policy, and the broader challenges ahead for rural America.
Jacob Wheeler and Dustin Connell of Team O’Reilly Auto Parts took an early lead and never let go, finishing atop SCORETRACKER® with 64 pounds, 8 ounces on 42 scorable bass.
“President Trump Undercuts America’s Cattle Producers,” says NCBA
The U.S. Department of Agriculture (USDA) is investing now to make markets less volatile for ranchers over the long term and more affordable for consumers, according to a press release.
Elizabeth Strom with the American Society of Farm Managers & Rural Appraisers (ASFMRA) joined us to share the latest on harvest progress and market activity in her area.