Indonesia announces $34 bil. deal with US partners
The move comes about a week before a pause on what US President Donald Trump calls "reciprocal tariffs" expires.
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto said the pact will be signed on July 7th. The agreement includes expanding US energy and agriculture imports, as well as boosting investment.
He also said by buying more goods from the US, Indonesia hopes to secure a lower levy.
The Trump administration had announced a 32 percent "reciprocal tariff" on Indonesia, saying the country enjoyed a trade surplus of nearly 18 billion dollars.
When asked about reaching a trade agreement with the US, Airlangga said, "Let's just wait."
US tariff talks have been intensifying. Vietnam announced Thursday it is finalizing a trade deal with the US.
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