Latest news with #iSharesMSCIIndonesia
News18
5 days ago
- Business
- News18
Donald Trump Announces 'Great Deal' With Indonesia, Offers No Details
Last Updated: Donald Trump announces new trade deal with Indonesia on Truth Social; details unclear. US President Donald Trump said that he has reached a new trade agreement with Indonesia but provided no specifics about the terms. Posting on his social media platform Truth Social, the US President wrote, 'Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!" Neither the White House nor Indonesia's Ministry of Economic Affairs have shared details of the agreement, leaving investors guessing about the scope and impact of the deal, particularly given Donald Trump's recent threat to impose a 32% tariff on Indonesian goods starting August 1. Markets React With Caution The iShares MSCI Indonesia ETF rose as much as 0.7% in early trading Tuesday following Donald Trump's announcement but broader markets remained mostly stable. The S&P 500 was little changed as investors appeared to take a wait-and-see approach. US-Indonesia Trade Talks Last week, Indonesia dispatched its top trade negotiator to Washington in hopes of securing a resolution and avoiding the looming tariff. According to Indonesian officials, Coordinating Minister for Economic Affairs Airlangga Hartarto held closed-door talks last week with several senior US officials, including US Trade Representative Jamieson Greer, Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. During those meetings, Airlangga Hartarto reportedly presented a series of bilateral business proposals and investment opportunities. Donald Trump's Tariffs Since April, Donald Trump has unveiled a series of country-by-country tariff demands, leaving trade partners scrambling to respond before arbitrary deadlines. Donald Trump's Indonesia announcement follows similar moves with Vietnam, the UK and China. Most of these declarations, however, have fallen short of formal trade deals. Donald Trump's latest round of letters extended a July 9 deadline to August 1, warning countries that new tariffs would take effect unless they strike 'better terms" with Washington. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! First Published: July 15, 2025, 22:12 IST News world Donald Trump Announces 'Great Deal' With Indonesia, Offers No Details Latest News Nepal to host Power Summit 2025 in September Agency feeds Agency feeds Rekha Gupta lauds young entrepreneurs at event in Delhi Agency feeds Bihar BDO who alleged harassment by senior during SIR suspended Agency feeds No leniency for perpetrators of genocide of youths, says Mann on drugs menace Agency feeds MTNL defaults on bank loans worth Rs 8,585 crore latest news
Bloomberg
08-04-2025
- Business
- Bloomberg
Indonesian Markets Brace for Tariff Turmoil After Weeklong Break
Investors in Indonesia are bracing themselves for a turbulent day on Tuesday, as the country's financial markets reopen after a long holiday during which markets across the world cratered in response to rising tariffs. Stocks, bonds and currency markets will resume trading for the first time since March 27, after the nation observed the Eid al-Fitr holidays, over which period the iShares MSCI Indonesia exchange-traded fund has fallen about 8%. During the break, US President Donald Trump's tariffs — and a subsequent retaliation by China — trigged a sharp selloff in risk assets, leading to a rout across Asia.
