Eu, Trump and Trade Deal
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The newly announced 19% tariff on Indonesian goods is lower than the 32% rate it had faced under President Donald Trump’s previous “liberation day” plans.
The White House has announced a series of negotiation frameworks with key Asia-Pacific partners, including Vietnam, the Philippines and Indonesia in the lead-up to the August 1, 2025, trade negotiation deadline.
The United States and European Union reached a significant trade agreement that will change tariffs and increase energy purchases, potentially affecting consumer prices.
The Trump administration touts tariffs as part of a wider set of "America First economic policies," which have "sparked trillions of dollars in new investment in U.S. manufacturing, technology, and infrastructure," according to the White House's website.
White House officials are negotiating and seeking trade deals with China. Watch the video above for more information.
Higher "reciprocal" tariffs are expected to go into effect this Friday. A few trade deals could still be struck with trading partners before then, and sector-specific tariffs are next on President Donald Trump's agenda.