Overview

• Trump announced the framework on Truth Social, calling it a “big deal for everyone.”
• He did not provide specifics about the terms and said further details would be shared soon.
• The pact is the third bilateral framework under his reciprocal tariff strategy after agreements with the UK and Vietnam.
• The United States recorded a $17.9 billion trade deficit with Indonesia in 2024, a 5.4 percent increase from the previous year.
• Argentina is poised to formalize its own bilateral agreement that would exempt 100 products from U.S. duties.