<p>WASHINGTON/BRUSSELS (Reuters) — U.S. President Donald Trump on Tuesday announced a trade deal with Indonesia, the latest pact in a bid to cement better terms with trading partners and reduce a massive trade deficit, even as the European Union readied retaliatory measures should talks between Washington and its top trading partner fail.</p>
<p>&#8220;Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!&#8221; Trump said in a post on Truth Social.</p>
<p>Indonesia&#8217;s total trade with the United States — totalling just under $40 billion in 2024 — does not rank in the top 15, but it has been growing. U.S. exports to Indonesia rose 3.7% last year, while imports from there were up 4.8%, leaving the U.S. with a goods trade deficit of nearly $18 billion.</p>
<p>The top U.S. import categories from Indonesia, according to U.S. Census Bureau data retrieved on the International Trade Centre&#8217;s TradeMap tool, last year were palm oil, electronics equipment including data routers and switches, footwear, car tires, natural rubber, and frozen shrimp.</p>
<p>Susiwijono Moegiarso, a senior official with Indonesia&#8217;s Coordinating Ministry for Economic Affairs, told Reuters in a text message: &#8220;We are preparing a joint statement between U.S. and Indonesia that will explain the size of reciprocal tariff for Indonesia including the tariff deal, non-tariff and commercial arrangements. We will inform (the public) soon.&#8221;</p>
<p>Trump had threatened the southeast Asian country with a 32% tariff rate effective August 1 in a letter sent to its president last week.</p>
<p>Trump sent similar letters to roughly two dozen trading partners this month, including Canada, Japan, and Brazil, setting blanket tariff rates ranging from 20% up to 50%, as well as a 50% tariff on copper.</p>
<p>The August 1 deadline gives the targeted countries time to negotiate agreements that could lower the threatened tariffs. Some investors and economists have also noted Trump&#8217;s pattern of backing off his tariff threats.</p>
<p>Since launching his tariff policy, Trump has clinched only a few deals despite his team touting an effort to bring home &#8220;90 deals in 90 days.&#8221; So far, framework agreements have been reached with the United Kingdom and Vietnam, and an interim deal has been struck with China to forestall the steepest of Trump&#8217;s tariffs while negotiations continue between Washington and Beijing.</p>
<h3>E.U. READIES RETALIATION</h3>
<p>The breakthrough with Indonesia came as the European Commission, the E.U.&#8217;s governing body, gets set to target 72 billion euros ($84.1 billion) worth of U.S. goods — from Boeing aircraft and bourbon whiskey to cars — for possible tariffs if trade talks with Washington fail.</p>
<p>Trump is threatening a 30% tariff on imports from the E.U. from August 1, a level European officials say is unacceptable and would end normal trade between two of the world&#8217;s largest markets.</p>
<p>The list, sent to E.U. member states and seen by Reuters on Tuesday, pre-dates Trump&#8217;s move over the weekend to ramp up pressure on the 27-nation bloc and responds instead to U.S. duties on cars and car parts and a 10% baseline tariff.</p>
<p>The package also covers chemicals, medical devices, electrical and precision equipment as well as agriculture and food products — a range of fruits and vegetables, along with wine, beer, and spirits &#8211; valued at 6.35 billion euros.</p>
<p>Following a meeting of E.U. ministers in Brussels on Monday, officials said they were still seeking a deal to avoid Trump&#8217;s heavy tariff blow.</p>
<p>But E.U. trade chief Maros Sefcovic said those at the meeting expressed unprecedented resolve to protect E.U. businesses using European countermeasures if negotiations with Washington fail to produce a deal.</p>
<p>(Reporting by Philip Blenkinsop in Brussels and David Lawder in Washington; Additional reporting by Richard Lough in Paris; Amanda Teresia, Stefanno Sulaiman and Gayatri Suroyo in Jakarta; Editing by Daniel Wallis)</p>

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Trump Lands Indonesia Trade Deal As E.U. Readies Retaliation