Trump Announces US-Indonesia Trade Agreement; New Details Emerge

UPDATE: July 22, 2025 4:37 PM ET

This afternoon, US President Trump posted to Truth Social after revealing a similar 19% trade deal with the Philippines, reported Expana.

"It is my Great Honor to announce our Trade Agreement with the Republic of Indonesia, as represented by their Highly Respected President, Prabowo Subianto. It is agreed that Indonesia will be Open Market to American Industrial and Tech Products, and Agricultural Goods, by eliminating 99% of their Tariff Barriers. The United States of America will now sell American Made products to Indonesia..."

Trump Announces August 1 Tariffs — Here's the Complete List

UPDATE July 22, 2025: US President Trump States 19% for the Philippines, Indonesia

After a press conference with the President of the Philippines, Trump confirmed the 19% rates for the Philippines and Indonesia, when he posted to Truth Social.

UPDATE July 14, 2025: EU, Mexico Slapped with 30% Tariffs

President Donald Trump has expanded his administration’s tariff policy, targeting the European Union and Mexico with newly announced 30% tariffs on all products imported into the United States. Read Expana's coverage here.

UPDATE: July 10, 2025

President Trump imposed a 35% tariff...

What's in the EU's Countermeasures to US tariffs?

The European Union could hit the United States with counter-tariffs on 93 billion euros ($109 billion) worth of U.S. goods if the two sides fail to reach a trade deal by Washington's August 1 deadline for imposing import levies.

The European Commission has prepared two sets of possible counter-tariffs, which would be combined into one and submitted for approval to EU members. They would not be imposed until August 7.

Here is a breakdown of the two packages:

EU COUNTERMEASURES TO STEEL, ALUMINIUM TARIFFS...

US Pushes Tariff Deadline to August, Trump Administration Expects Surge in Deals

President Donald Trump said on July 6 that the US is nearing several new trade deals and that letters will be sent to trading partners by July 9, warning of increased tariffs set to take effect on August 1.

The move effectively extends the administration’s trade deadline from July 9 to August 1, giving Trump more time to finalize agreements. So far, the U.S. has signed just two deals—one with the United Kingdom and another with Vietnam, as Expana reported last week...

Trump Announces US Trade Deal With Vietnam, Including 20% Import Tariff

President Trump announced that the United States has agreed to a new trade deal with Vietnam on July 2.

Trump stated that Vietnam will pay the US a 20% tariff on all goods exported to the U.S. and a 40% tariff on transshipped goods. The higher 40% tariff targets products that are not originally made in Vietnam but are routed through the country to bypass higher tariffs. This move is significant, as many countries have used Vietnam as a transit point to avoid stricter trade penalties aimed at Chinese...

Trump, Carney Agree to Resume US-Canada Trade Negotiations

Trade discussions between the United States and Canada resumed late Sunday after Canada announced it would withdraw its proposed digital services tax targeting major US technology firms.

On June 27, President Trump stated that due to Canada’s intention to impose a tax on US tech firms, the US would halt all trade discussions with its northern neighbor “effective immediately.”

The tax was to take effect on Monday, June 30. According to the New York Times, the 3% digital services tax on major US tech firms like Meta, Amazon and...

US–China Trade Framework Advances, but Final Terms Still in Flux; Lutnick Hints at More Deals

The United States and China have inked a new trade agreement, President Donald Trump said on June 26.

Commerce Secretary Howard Lutnick mirrored the news during an interview with Bloomberg TV, stating that the deal was signed in recent days. Neither Trump nor Lutnick shared further details.

Expana reported on June 11 that Lutnick said the US and China agreed to a trade framework, and the latest comments from both Lutnick and Trump don’t seem to add much...

Signing the EU-Mercosur Agreement by December Is Possible, Says European Council President

The EU and Mercosur countries expect to sign the agreement in a December ceremony. “It is a short timeframe, but we are going to try to make it happen,” Antonio Costa, President of the European Council, said during a visit to Brazil on Thursday.

Costa added that the European Commission is in the process of translating the agreement into the 24 EU official languages and plans to finish it by July.

While farming sectors in some EU countries such as France or Spain have expressed concern...