Indonesia agrees to US$34b in trade investments with US partners
Make us a preferred source
Make us a preferred source on Google
The news: The US and Indonesia will sign trade and investment deals worth USD34 billion ($51.7 billion) next week to increase Indonesian purchases from the US, Reuters reports, in efforts to strike a deal with Washington ahead of the 9 July reciprocal tariff deadline.
The context: Indonesia’s chief economic minister Airlangga Hartarto told a press briefing on Thursday that the memorandum of understanding set to be signed on 7 July will see USD34 billion deployed for new Indonesian investments in the US.
The country is currently facing a 32% tariff on goods imported to the US and has offered to increase US imports to ease trade talks between the countries.
Prior to Trump’s tariffs, Indonesia held a trade surplus of US $17.9 billion with the US in 2024.
On Wednesday Trump announced that the US has reached a trade deal with Vietnam, which will see the South East Asian country pay 20% tariffs on exports with the US and a 40% tariff on any transshipping.
