Indonesia, Donald Trump and tariff
Digest more
1h
bne IntelliNews on MSNFitch upgrades Trump’s effective tariff rate to 19.4%President Donald Trump’s evolving trade policy is set to sharply increase the United States’ effective tariff rate (ETR), with Fitch Ratings warning of substantial rises as new duties take effect on August 1.
Financial markets greeted US President Donald Trump’s tariff deal with Indonesia with little fanfare Wednesday, signaling the rate of around 20% that was once viewed as punitive is now seen as workable.
European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.
The government will execute gas and oil imports only if negotiations between Indonesia and U.S. results in lowered tariffs.
Brazil's President Luiz Inácio Lula da Silva stepped up a confrontation with the US, accusing it of “unacceptable blackmail” over a proposed 50 per cent tariff on Brazilian g
President Donald Trump has been sending letters to countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.
Economists and investors urge Bank Indonesia (BI) to lower interest rates to boost the economy, citing new U.S. import tariffs.