Japan, Trump and trade deal
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The Philippines has agreed to a trade deal with the United States that will lower U.S. tariffs on its exports to 19 percent, President Trump announced Tuesday following a meeting with the Philippine president,
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 Trump administration announced details on its trade framework with Indonesia, although key specifics about how the U.S. will apply tariffs to goods from that nation remain unclear.
President Trump said on Tuesday that the trade deal he struck with one of America’s closest allies would impose a 15 percent tariff on Japanese exports.