US, Indonesia Announce Trade Deal Amid Tariff Threat

US President Donald Trump announced that the United States has reached a trade agreement with Indonesia following his threat of a 32% tariff on Indonesian goods effective August 1. The announcement, made on social media, did not disclose specifics about the deal's terms or timing. Indonesian officials expressed satisfaction with the outcome, though it remains unclear what concessions were made or if the proposed tariff will be rescinded or altered. This accord follows a pattern of preliminary trade deals Trump has struck with other nations after tariff threats. Markets showed only modest movement, reflecting ongoing uncertainty about the administration’s trade strategy. Both the White House and Indonesia’s economic ministries have yet to release full details of the agreement.