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Indonesia to cut tariffs, non-tariff barriers in US trade deal

Indonesia to cut tariffs, non-tariff barriers in US trade deal

Reuters13 hours ago
WASHINGTON, July 22 (Reuters) - Indonesia has agreed to eliminate tariffs on more than 99% of U.S. goods and scrap all non-tariff barriers facing American firms, while the U.S. will drop threatened tariffs on Indonesian products to 19% from 32%, the two countries said on Tuesday.
Trump hailed the deal, which he first announced on July 15, in a posting on his Truth Social media platform, calling it a "huge win for our Automakers, Tech Companies, Workers, Farmers, Ranchers, and Manufacturers."
Details of a framework for the accord were released in a joint statement by both countries, and a fact sheet issued by the White House. They said negotiators for both countries would finalize the actual agreement in coming weeks.
"Today, the United States of America and the Republic of Indonesia agreed to a framework for negotiating an agreement on reciprocal trade to strengthen our bilateral economic relationship, which will provide both countries' exporters unprecedented access to each other's markets," the statement said.
The Indonesia deal is among only a handful reached so far by the Trump administration ahead of an August 1 deadline when higher tariffs are due to kick in.
The U.S. tariff rate on Indonesia, Southeast Asia's largest economy, matches the 19% announced for the Philippines earlier on Tuesday. Vietnam's tariff rate has been set at 20%.
Under the agreement, Indonesia will immediately drop its plans to levy tariffs on internet data flows and it agreed to support renewal of a longstanding World Trade Organization moratorium on e-commerce duties, a senior Trump administration official told reporters on a conference call.
Indonesia also will remove recently enacted pre-shipment inspections and verifications of U.S. exports that have posed problems for U.S. agricultural exports and contributed to a growing U.S. farm trade deficit, the official said.
The official, who was not authorized to speak publicly, said the agreement could help restore the surplus in agricultural goods that the United States once had with Indonesia, until it implemented the pre-shipment requirements.
In a win for U.S. automakers, the official said Indonesia has agreed to accept U.S. Federal Motor Vehicle Safety Standards for vehicles exported from the United States to the growing country of 280 million people.
Indonesia also has agreed to remove export restrictions on industrial commodities, including critical minerals, the joint statement said. The U.S. official said it would also remove local content requirements for products using these commodities that were shipped to the United States.
The joint statement said the U.S. would reduce the reciprocal tariff rate to 19%, and "may also identify certain commodities that are not naturally available or domestically produced in the United States for a further reduction in the reciprocal tariff rate." No further details were provided.
The two countries said they would negotiate rules of origin to ensure the benefits of the deal accrue mainly to the U.S. and Indonesia, not third countries.
They said Indonesia would work to address barriers for U.S. goods, including through the removal of import restrictions and licensing requirements on U.S. remanufactured goods or parts.
Indonesia also agreed to join the Global Forum on Steel Excess Capacity and take actions to address global excess capacity in the steel sector.
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For hope on climate change, UN chief is putting his faith in market forces
For hope on climate change, UN chief is putting his faith in market forces

The Independent

time3 minutes ago

  • The Independent

For hope on climate change, UN chief is putting his faith in market forces

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UK govment go cut foreign aid and Africa go dey more impacted
UK govment go cut foreign aid and Africa go dey more impacted

BBC News

time3 minutes ago

  • BBC News

UK govment go cut foreign aid and Africa go dey more impacted

Di UK govment don reveal details of dia plans to cut foreign aid, and support for children education and women health for Africa go chop di biggest reductions. Dem bin don tok for February dis year say dem go slash foreign aid spending by 40% - from 0.5% of dia Gross National Income (GNI) to 0.3% - in order to increase dia defence spending. Dis dey come afta di US President Donald Trump bin approve ogbonge cut for foreign aid, including dissolving di United States Agency for International Development (USAID), di major agency wey dey oversee US aid programmes around di world. BBC don report how di US aid cuts go impact Africa especially pipo wey get serious health challenges like HIV/Aids, Tuberculosis, and also maternal and child health. One report from di UK Foreign Office show say di biggest cuts dis year na for Africa, and dis go get ogbonge impact on women health and water sanitation and di risk of disease and death fit increase. UK network of aid organisations, Bond, say na women and children for di most marginalised communities go pay di highest price. "E dey concerning say bilateral funding for Africa, gender, education and health programmes go drop. Di most marginalised communities for di world, particularly dose wey dey experience conflict, and women and girls, go pay di highest price for di political choices," Bond policy director Gideon Rabinowitz tok. "For dis time wen di US don stop all gender programming, di UK suppose to be stepping up, not stepping back." Di UK govment explain say di cuts follow "a line-by-line strategic review of aid" by di minister, focusing on "prioritisation, efficiency, protecting planned humanitarian support and live contracts while ensuring responsible exit from programming wia necessary". Di Foreign Office say bilateral support for some kontris go decrease and multilateral organisations wey no dey perform well go chop funding cuts. But dem neva announce di particular kontris wey go dey affected. Official UK figures show say at 0.5% of GNI, di UK aid budget by 2027 suppose be around £15.4 billion, but based on dis new target of 0.3%, di amount go be just about £6.1 billion. Wen di goment bin first make di announcement in February, some opposition members of di parliament including di Leader of di Opposition, Kemi Badenoch, bin welcome di increase for defence spending and she also support di decision to reduce di UK aid budget in order to finance it. Oda politicians like di leader of di Liberal Democrats, Ed Davey, support to increase defence spending, but e say cutting di aid budget too much go "leave a vacuum for Russia and China to fill". However, Anneliese Dodds, wey be di International Development Minister dat time, resign from her position afta di decision. She say reducing aid funding fit lead to a UK pull-out from plenty African, Caribbean and Western Balkan kontris, at a time wen Russia and China dey increase dia own actions for dis kontris. Why di UK dey cut foreign aid? According to Prime Minister Keir Starmer, govment go use di money wey dem save from aid funding to increase dia defence spending to 2.5% of dia GDP by 2027 and 3% by 2030. E mean say di UK go dey spend extra £13.4 billion on defence from 2027. Anoda reason, according to di UK Trade Minister Douglas Alexander, be say di money no too dey again and di UK public no longer support too much spending on international aid. Even if moni no dey tight, you go need to make di argument for investment in foreign aid, oga Alexander tell BBC for one interview in June. "I tink we don lose dat argument at various points. We get interest to build a stable, more equal, more safe world for our future generations, but public consent don withdraw," e tok. Wetin dis go mean for Africa and which kontri go be worst hit? Di UK dey provide support in terms of aid to Africa across plenty sectors like health, education, governance, humanitarian assistance and more. Malaria No More UK, one UK charity organisation wey dey help combat malaria across Africa, say di cutting of funding go "reset di clock on di progress wey we don make in saving children lives by fighting malaria". Astrid Bonfield, wey be di oga for Malaria No More UK tok for one statement say: "We must remember say even though international aid na for abroad we dey spend am, di benefits na for home here we dey feel am because e dey make di UK safer, healthier and more prosperous." Though di goment no mention kontris wey go dey more impacted by dis cuts, but kontris wey dey experience serious crisis and climate change wahala like Sudan, South Sudan, Chad, Niger, Ethiopia, etc, fit feel di impact more. Di Nigeria govment bin sign eight partnership agreements wit di UK govment dis year wey worth about N589 billion. E neva dey clear now weda dis agreements go dey impacted by di decision to cut foreign aid funding. Oda western kontris wey don reduce aid funding Apart from di US where President Trump bin cancel more dan 80% of all programmes wey USAID bin dey carry out, France, Germany, and Sweden don also reduce dia foreign aid funding well-well between 2024 and 2025. According to Donor Tracker - one website wey dey track all foreign aids wey kontris dey give - France cut dia Official Development Assistance (ODA) budget by $1.5 billion for dia 2025 budget. Dis represent 23% decrease to compare to dia 2024 budget. Germany for dia 2025 budget also reduce di funding for dia ODA-relevant ministries by about 19.8 billion Euros. 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Joe Rogan anoints a new progressive star – can James Talarico triumph in Texas?
Joe Rogan anoints a new progressive star – can James Talarico triumph in Texas?

The Guardian

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  • The Guardian

Joe Rogan anoints a new progressive star – can James Talarico triumph in Texas?

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If the conversation was friendly – about two hours in, Rogan was practically begging Talarico to run for president – the reviews from Rogan's right-leaning, MMA-loving fanboys were less so. Many took particular issue with Talarico's reading of the Bible as arguably pro-choice or at least ambivalent about abortion. Even so, Daniel had entered the lion's den and held his own. Within hours of the show's airing, Politico was enthusing that 'Joe Rogan's Latest Guest Might Turn Texas Blue' and Talarico's beaming choirboy mug was front and center on the Drudge Report. 'I learned this when I flipped the Trump district at the beginning of my career,' Talarico said. 'It's almost like asking someone on a date, or any relationship in your life – you have to put effort into it. If we're not going to make the effort to show up in these places where people are, then we can't be surprised when they don't make the effort to get off the couch and vote for us.' The week marked a notable turnaround for a politician who just a few years ago hit what he calls his political 'rock bottom'. It was the fall of 2021, a year that had begun with the January 6 insurrection and a catastrophic winter storm that killed hundreds of Texans. Meanwhile, 'Maga' was ascendant in the Lone Star state. Officials rammed through the nation's most unforgiving abortion ban, legalized permitless carry and implemented a new civics curriculum Talarico describes as a 'historical whitewash'. Then came an aggressive attempt to curtail voting rights that led him and dozens of Democratic lawmakers to flee the state in an attempt to deny the legislature a quorum. After 38 days, Talarico was among a handful who saw the writing on the wall and returned to Austin. As he explained in a lengthy op-ed, Texas Democrats held a dwindling stack of cards, and Congress would need to address the problem at the federal level. (The House delivered, but the bill failed in the Senate due to opposition from senators Joe Manchin and Krysten Sinema.) Despite Talarico's hopes that ending the standoff might preserve a modicum of bipartisanship, it was not to be. In October, the legislature voted to redraw the state's congressional districts – an attempt to dilute the political power of Black and Latino voters and 'kill me off politically', he said. 'Walking on to that floor and realizing that my [Republican] colleagues weren't looking me in the eye, I felt like I had lost hope, not just in my colleagues and the institution, but in whether democracy was even possible in such polarized and divided times. It was my lowest point in public service so far.' Overcoming an urge to pack it in, he opted to fight. As it happened, a seat in solid-blue Austin, where he'd grown up, was open. Talarico moved home and won handily. (Now, Texan Republicans are contemplating another redistricting as a way to further dilute the Democratic vote. 'Clearly their gerrymandering didn't hold from five years ago, and so now they're having to get back in there and do some touch-ups and fortifying,' Talarico said.) Following his crisis of political faith, he made another critical life decision, enrolling in the seminary with the goal of becoming a minister. 'Jesus gave us these two commandments, to love God and love your neighbor,' he explained, noting that he considers his political career a vehicle for doing the latter. Now he understood: the two injunctions went hand in hand. Getting in touch with God, 'or whatever you consider to be the ground of your being', is what Talarico says makes love of neighbor sustainable. 'Whether that's in public service, as a teacher or a nurse or a firefighter or a police officer, or whether it's with activism or volunteering or just being a good person in your community, it is difficult and sometimes exhausting work, and that's why we have to be connected to something deeper.' An outspoken progressive Christian is something of a unicorn in today's political environment – a sign not only of the secularism that has characterized the Democratic party since the Reagan years but of the ever-increasing ties between the far right and the evangelical movement. Perhaps nowhere is this alliance more pronounced than in Texas, where the last legislative session saw a flurry of bills that would, among other things, allow prayer in public schools, fund parochial schools with taxpayer money and outlaw the provision of litter boxes for students – an actual bill based on a debunked rightwing hoax. The latter proposal stalled after Talarico's polite if methodical humiliation of the bill's author became one of his many viral TikToks; the others, including the Ten Commandments bill, became law. Talarico has done more than simply oppose what he considers to be bad legislation. He regularly calls out fossil fuel barons Tim Dunn and Farris Wilks, who backed the legislative crusade. 'They basically own every Republican member of the state senate,' he said, noting that they are by far the state's biggest political donors. 'They own a majority of Republicans in the state house. They own every statewide elected official. And they run a massive network of thinktanks and advocacy organizations and media outlets. So their empire has really taken over state government. And they have a pretty extreme theocratic vision for for the state and the country.' Asked whether a Handmaid's Tale-style dystopia seemed possible, he said, 'We're a lot closer than people think.' Talarico defines the effort to wed government with biblical ideology as Christian nationalism, 'the worship of power – social power, economic power, political power, in the name of Christ', as he put it in a 2023 guest sermon. Accusing adherents of turning Jesus 'into a gun-toting, gay-bashing, science-denying, money-loving, fear-mongering fascist,' he declared it 'incumbent on all Christians to confront it and denounce it'. Posted to YouTube, the sermon has since garnered 1m views. The question now is not merely whether Talarico can translate that kind of social media buzz into votes but whether he wants to. He expects to obtain his master's in divinity next year, and he often speaks of his desire to one day take over the ministry at his home church, St Andrew's Presbyterian. But a slight detour to the US Senate seems increasingly possible – an indication of his growing popularity and ambition as well as a notable vibe shift on the left. A recent poll found that 62% of Democrats wanted their party's leadership replaced. And a strong contingent has shown a hunger for candidates, such as Talarico, who are willing to lean into progressive values without apology (he has, for example, mounted a forceful defense of gender-affirming care for trans kids). While Talarico makes a strong case for the undercurrent of wealth redistribution inherent in Jesus' teachings, he doesn't call himself a socialist – certainly not in Texas. Still it's not hard to see parallels between his meteoric rise and that of New York City's socialist mayoral hopeful, Zohran Mamdani, another young state legislator whose online savvy, bold progressivism and evident sincerity have endeared him to liberal voters. (In 2019, Talarico walked across his 25-mile district – nearly double the distance of Mamdani's recent Manhattan hike.) For Talarico, the key to winning over the electorate is authenticity. 'Voters can sniff out that consultant-driven messaging,' he said. 'The poll-tested stuff is just not going to cut it.' Moreover, voters are spoiling for a fight. One quality they appreciated in Trump, he said, was the aggression he'd shown on behalf of his vision, however malevolent. Democrats, he said, need to bring that kind of energy to the fight for a better world. And while Jesus Christ was famous for his humility and pacifism, Talarico noted, he was also an uncompromising radical who could tap into a combative side when needed. 'If we are doing our best to mimic Jesus, being kind and humble and meek are all part of it,' he said. 'But when the powerful are abusing people, we have to stand in the way, and that requires courage and bravery, and speaking truth to power.' In late June, Talarico appeared at a town hall in San Antonio alongside Castro and O'Rourke, a show of unity before what may well turn into a heated primary race. Befitting his status as the youngest and least seasoned politician on the stage, he spoke first. But as Talarico recalled the story of Jesus's cleansing of the temple, when he ejected the money-changers and merchants from the Lord's house, he didn't sound like a man inclined meekly to wait his turn to run for higher office. 'To those who love democracy, to those who love our neighbors,' he proclaimed, 'it's time to start flipping tables.' As for the Senate race, Talarico is praying on it. He'll make a decision this summer, he said.

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