President Donald Trump said he plans to tariff imports from Indonesia at 19%, while American goods sent to the southeast Asian country will face no tariffs.
Trump spelled out some of the details of the agreement he announced Tuesday on Truth Social before boarding the presidential helicopter.
"They are going to pay 19% and we are going to pay nothing," said Trump, implying that foreign countries pay the entirety of tariffs even though importers in the U.S. technically must pay the tax.
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Trump said Indonesia is "very strong" on copper. But it was unclear what role copper played in any agreement, as he has separately taxed the commodity at 50% starting on Aug. 1.
The U.S. president said on Truth Social he had reached an agreement after speaking with Indonesian President Prabowo Subianto.