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Similar deal with India, says Trump...
Financial Express Bengaluru
|July 17, 2025
Indonesian president Prabowo Subianto said on Wednesday, "We've given our offer, we cannot give more."
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Trump said Indonesia had committed to purchasing 50 Boeing jets, US energy worth $15 billion and US farm products worth $4.5 billion.
The US and India are working toward a deal that would reduce proposed tariffs to below 20%, Bloomberg News had reported earlier. Officials here said India would have competitive tariff advantage against its immediate competitors in exports to the US market after the deal is agreed on. The deal with Indonesia leaves out sectoral tariffs of 25% on auto and 50% on steel and aluminum.
Trump's remarks came at a time Indian and US negotiators are engaged in the fifth round of talks on the BTA. The early progress in negotiations will be packaged as an interim deal and announced.
This story is from the July 17, 2025 edition of Financial Express Bengaluru.
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