<div dir="ltr"><table border="0" cellspacing="0" cellpadding="0" style="max-width:435pt;border-collapse:collapse"><tbody><tr><td style="padding:0.25in 15pt 0in"><p class="MsoNormal"><span style="font-family:Helvetica,sans-serif;color:black"><a href="https://protect.checkpoint.com/v2/r01/___https:/url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyasVlxItr2fdP9GFDpe8m4oi88lXFGXei52n966MomgQp-2B85dsHa4ro78K6BAgUYY3hq-2FTgJL90AfibSTNHSJMb2voeP5Obc-2FSq-2Bu3a0IsRgCLkXCAb7bMJhfwzjPYHupQvCmtffqVyuKZPbp8Of4BJ3QhERpjCFu4nNeZgcDHt4mPU30YDDfHZSWAaq0K1Y38mtih-2FFopXh47AgwIhFPjk2cWgekWvo7vGAUdrb7tyTU1il_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTyNeedN2TZk4Q219m13kf5AKQiy4DRlbZi1PHGUf-2FBu7aSJkKEHnZTw1WRdm-2FQ0NVlgu-2BEVBwV9a0-2FUxdkCYDJxNUhPWIBWwQ21fXBO3r4r1rxTQSy4IbdKe1scn2mpnbJdXls-2FAA4y9OV4b6-2F4UAn1dcgvr1DoHoYB-2BCwdlSYZBWUjklAd-2FGmSb0xM5E0N63HiJkKUXZCipaOe-2BaEIrjNP5wnej-2B55lg3wnsI5Y33LhPHqp9IO1fx4dN9Wv54yB4piYwEe1f2I6wj-2BAEGf3WBbLvmyMUcxL-2BzUAM6PCzb0g4oxVzXmhhfWNpxW5HImKnNYYm2sx22U-2FiGoF3QdW2rKP8I1UXCpUh-2BEnvFCfKl37mcy9RRtBr2QgqpAG0qJMwAZhdYugux83GLP3LdvdnnLb5U8Y2uyPomkyklBH4KSZS84PA7w1dcDeIwC7kK2xJRyON1pBhaFPYSzCC37cMamaN0GhA0qp9HSS-2BgtzLqoi0Nftcax86Q-3D-3D___.YzJ1OmFlbHBlY29ub21pY2xpYmVydGllczpjOm86MTZhYTA5MzljOTFmZjA3MjU2N2M0NmY4YTAyODM3YzM6NzozZGUwOjkwNWRlZWI1NmIwZDIyY2I5ZjlkYjFmMGFhYTcxM2FkYTg3MjU3YzVkNGJjNzU0MmFhODUxODA0ZjI0OGQwOWM6aDpUOkY" title="Protected by Check Point: https://url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyasVlxItr2fdP9GFDpe8m4oi88lXFGXei52n966MomgQp-2B85dsHa4ro78K6BAgUYY3hq-2FTgJL90AfibSTNHSJMb2voeP5Obc-2FSq-2Bu3a0IsRgCLkXCAb7bMJhfwzjPYHupQvCmtffqVyuKZP" target="_blank"><span style="font-size:22.5pt;color:black;letter-spacing:-0.1pt;text-decoration:none">Trump announces trade deal with Indonesia<span class="gmail-Apple-converted-space"> </span></span></a></span><span style="font-family:Helvetica,sans-serif"><u></u><u></u></span></p></td></tr><tr><td style="padding:7.5pt 15pt 0in"><p class="MsoNormal"><span style="font-size:13.5pt;font-family:Helvetica,sans-serif;color:rgb(97,108,131)">The president told reporters Indonesia had agreed to a 19 percent tariff rate on its exports to the U.S. The Indonesian government has yet to confirm the details of the deal.<span class="gmail-Apple-converted-space"> </span><u></u><u></u></span></p></td></tr><tr><td style="padding:12pt 15pt 0in"><p class="MsoNormal"><span style="font-size:9pt;font-family:Helvetica,sans-serif;color:rgb(97,108,131);text-transform:uppercase;letter-spacing:1.55pt">POLITICO PRO</span></p><p class="MsoNormal"><span style="font-size:9pt;font-family:Helvetica,sans-serif;color:rgb(97,108,131);text-transform:uppercase;letter-spacing:1.55pt">BY MEGAN MESSERLY, DOUG PALMER | 07/15/2025 02:12 PM EDT<u></u><u></u></span></p></td></tr><tr><td style="padding:0.25in 0.75pt 0.75pt"><div style="margin-bottom:15pt"><p class="MsoNormal"><span style="font-size:12pt;font-family:Georgia,serif;color:black"><img border="0" width="100%" id="m_8279498388518233113_x0000_i1033" src="https://static.politico.com/de/a4/f9e77e4b43d085ecdba43b5528cb/trump-71402.jpg" class="gmail-CToWUd"></span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><div><p class="MsoNormal"><span style="font-size:9pt;font-family:Georgia,serif;color:rgb(97,108,131)">President Donald Trump speaks during the White House Faith Office luncheon in the State Dining Room on July 14, 2025, in Washington, D.C.</span><span style="font-size:12pt;font-family:Georgia,serif;color:black"><span class="gmail-Apple-converted-space"> </span></span><span style="font-size:9pt;font-family:Georgia,serif;color:rgb(97,108,131)">| Evan Vucci/AP</span><span style="font-size:12pt;font-family:Georgia,serif;color:black"></span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p></div></div></td></tr><tr><td style="padding:0in 15pt"><div><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">President Donald Trump on Tuesday announced that the U.S. has reached a trade accord with Indonesia.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">The announcement, made on Truth Social, included no details about the contents of the agreement. Indonesia was one of more than two dozen countries, including several in Southeast Asia, that received warning letters from Trump last week. The<span class="gmail-Apple-converted-space"> </span><a href="https://protect.checkpoint.com/v2/r01/___https:/url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyXdFeuGpuXBs6mleqmsbAUvH9kQ8mNy8dZxjkBPRg2gaSQxHz25EaFkBZ0SuGzpkhzN1tfZAMcQZ1EsO0swABmoy08JtQv7Q-2FZheaIRIHwF7IsiS_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTyNeedN2TZk4Q219m13kf5AKQiy4DRlbZi1PHGUf-2FBu7aSJkKEHnZTw1WRdm-2FQ0NVlgu-2BEVBwV9a0-2FUxdkCYDJxNUhPWIBWwQ21fXBO3r4r1rxTQSy4IbdKe1scn2mpnbJdXls-2FAA4y9OV4b6-2F4UAn1dcgvr1DoHoYB-2BCwdlSYZBWUjklAd-2FGmSb0xM5E0N63HiJkKUXZCipaOe-2BaEIrjNP5wnej-2B55lg3wnsI5Y33LhPHqp9IO1fx4dN9Wv54yB4piYwEe1f2I6wj-2BAEGf3WBbLvmyMUcxL-2BzUAM6PCzb0g4oxVzXmhhfWNpxW5HImKnNYYm2sx22U-2FiGoF3QdW2rKP8I1UXCpUh-2BEnvFCfKl37mcy9RRtBr73cS7t1Sh-2BrsMUBneilepMuiZ5IspviMUw10r7ZFYyEL-2FsIDIR-2BIBkChIJqpD3yOICy6t3c-2BviqA-2FsPBwH-2FAJ60rb0y0wE7u87vVL0fBPDDkkcyN9JqsRkGI7SnNfYILw-3D-3D___.YzJ1OmFlbHBlY29ub21pY2xpYmVydGllczpjOm86MTZhYTA5MzljOTFmZjA3MjU2N2M0NmY4YTAyODM3YzM6Nzo2MGY1OmUyNTRkNDdhMmNmMmYzMWJjNWQ0N2M1ZTI0Y2NiZTQ4OTQyMDI1YzM5M2MxMTJiZWNlNTZhNjYyNjFiNWMyN2Q6aDpUOkY" title="Protected by Check Point: https://url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyXdFeuGpuXBs6mleqmsbAUvH9kQ8mNy8dZxjkBPRg2gaSQxHz25EaFkBZ0SuGzpkhzN1tfZAMcQZ1EsO0swABmoy08JtQv7Q-2FZheaIRIHwF7IsiS_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTy" target="_blank"><span style="color:rgb(0,123,199)">letter sent to the Indonesian government</span></a>threatened to impose a 32 percent tariff on the country’s exports to the U.S. unless they struck a new trade deal.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">“Great deal, for everybody, just made with Indonesia. I dealt directly with with their highly respected President. DETAILS TO FOLLOW!!!” he<span class="gmail-Apple-converted-space"> </span><a href="https://protect.checkpoint.com/v2/r01/___https:/url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyXdFeuGpuXBs6mleqmsbAUvH9kQ8mNy8dZxjkBPRg2garzw8n2uWuw-2BYn3YN7EWQvETpPb96iEKAiACEkJsbaV9Kh1DcML0SEcdRPIDlKLhIxHg5_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTyNeedN2TZk4Q219m13kf5AKQiy4DRlbZi1PHGUf-2FBu7aSJkKEHnZTw1WRdm-2FQ0NVlgu-2BEVBwV9a0-2FUxdkCYDJxNUhPWIBWwQ21fXBO3r4r1rxTQSy4IbdKe1scn2mpnbJdXls-2FAA4y9OV4b6-2F4UAn1dcgvr1DoHoYB-2BCwdlSYZBWUjklAd-2FGmSb0xM5E0N63HiJkKUXZCipaOe-2BaEIrjNP5wnej-2B55lg3wnsI5Y33LhPHqp9IO1fx4dN9Wv54yB4piYwEe1f2I6wj-2BAEGf3WBbLvmyMUcxL-2BzUAM6PCzb0g4oxVzXmhhfWNpxW5HImKnNYYm2sx22U-2FiGoF3QdW2rKP8I1UXCpUh-2BEnvFCfKl37mcy9RRtBr3s-2BAiF3KRIPY0iUoH3L-2FFDxwxrX94S5m380EOkSQsDw-2Fyc-2FTt9Jw14yDCKJlRVJ05uxbvhQJlqc6TTi8dTq0RZJ8tQbOKK4Cn2IgI49JOsYeqJntdpOOBvqkdx3TbY0Ag-3D-3D___.YzJ1OmFlbHBlY29ub21pY2xpYmVydGllczpjOm86MTZhYTA5MzljOTFmZjA3MjU2N2M0NmY4YTAyODM3YzM6NzplYTIyOjVlYTM2YjVhNDExMDg3YTYxYjEzZDAzNWFmMmY5NjIxNTIxYzVkNGE0ODA3YWU1OTdjNTVhYzg2YjJjYzJiZjk6aDpUOkY" title="Protected by Check Point: https://url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyXdFeuGpuXBs6mleqmsbAUvH9kQ8mNy8dZxjkBPRg2garzw8n2uWuw-2BYn3YN7EWQvETpPb96iEKAiACEkJsbaV9Kh1DcML0SEcdRPIDlKLhIxHg5_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTy" target="_blank"><span style="color:rgb(0,123,199)">wrote on Truth Social</span></a>.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">Trump, speaking to reporters Tuesday afternoon, said Indonesia had agreed to a 19 percent tariff rate on its exports to the U.S., but would impose no tariffs on U.S. imports. He added that he had spoken to Indonesian President Prabowo Subianto — whom he called a “really great president, very popular, very strong, smart” — about the agreement.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">“We have all access to everything. We will pay no tariffs. They are giving us access into Indonesia, which we've never had. That's probably the biggest part of the deal,” Trump said.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">The White House declined to comment further about the deal. The Indonesian embassy in Washington did not respond to a request for comment and has yet to confirm the details of the deal.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">The 19 percent tariff rate is 1 percentage point less than what Trump has said would be the rate for Vietnam under another agreement he announced recently. However, Indonesia’s exports to the United States totaled just $28 billion last year, about one-fifth of Vietnam’s.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">U.S. trade with Indonesia totaled about $38 billion last year, including both imports and exports. That’s significantly less than 1 percent of total U.S. trade last year of $5.2 trillion and puts Indonesia near the bottom of the pack among U.S. trading partners in Asia.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">Top U.S. imports from Indonesia include machinery, electronics, clothing, footwear, palm oil, furniture, tires and other rubber objects.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">Indonesia also has large deposits of critical mineral resources needed for a variety of technology and clean energy goods, including nickel, copper, bauxite and tin, according to the Commerce Department. However, Indonesia has had a ban on nickel exports for a number of years, irritating the U.S. and other trading partners.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">Trump also recently announced plans to impose a 50 percent tariff on copper and copper derivatives, effective Aug. 1, a move that threatens Indonesian exports of that commodity to the United States.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">But the president suggested Tuesday that the U.S. may increase imports of copper and “very valuable earths and various other materials,” without offering specifics.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">The announcement comes nearly two weeks after Trump said the U.S.<a href="https://protect.checkpoint.com/v2/r01/___https:/url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyasVlxItr2fdP9GFDpe8m4oi88lXFGXei52n966MomgQzXbOOGO5umVmX8tNIQUKXQecMcKas00nG0yjpZEjgZAHGyF-2F4A4e0XkfQI32enjIV8CTRPY5UVxYv-2F5ziG8zqZW3TMjk1R9RQTuawJNyffKgyRB-2FQ-2B82z3pcggQTJHFMzg-2Bz2vWq7GxKKVo-2B-2B-2FEvnA-3D-3DoV0K_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTyNeedN2TZk4Q219m13kf5AKQiy4DRlbZi1PHGUf-2FBu7aSJkKEHnZTw1WRdm-2FQ0NVlgu-2BEVBwV9a0-2FUxdkCYDJxNUhPWIBWwQ21fXBO3r4r1rxTQSy4IbdKe1scn2mpnbJdXls-2FAA4y9OV4b6-2F4UAn1dcgvr1DoHoYB-2BCwdlSYZBWUjklAd-2FGmSb0xM5E0N63HiJkKUXZCipaOe-2BaEIrjNP5wnej-2B55lg3wnsI5Y33LhPHqp9IO1fx4dN9Wv54yB4piYwEe1f2I6wj-2BAEGf3WBbLvmyMUcxL-2BzUAM6PCzb0g4oxVzXmhhfWNpxW5HImKnNYYm2sx22U-2FiGoF3QdW2rKP8I1UXCpUh-2BEnvFCfKl37mcy9RRtBry6vjk8RJQ-2FQiU4vIOQ-2FIR9hbd2hFc4Bvha61gVPXSpDfG8I9nvwxJhwM2SyNH-2B-2F7aeKxdD6FCnWMe9BbvsgF7S5hhQ4rVjkmkIbBP01hJPafBZQBjdeCnrXkufrJvwMSw-3D-3D___.YzJ1OmFlbHBlY29ub21pY2xpYmVydGllczpjOm86MTZhYTA5MzljOTFmZjA3MjU2N2M0NmY4YTAyODM3YzM6Nzo1MWNjOmIwZGE4ZDBhYjhkZjNiN2NkZTVkNWMwZTcyZmI1OTMxODIzYWY4ZmM0NTQwYjAyYmFiMTUxYmRiYWE2ZTg2MmQ6aDpUOkY" title="Protected by Check Point: https://url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyasVlxItr2fdP9GFDpe8m4oi88lXFGXei52n966MomgQzXbOOGO5umVmX8tNIQUKXQecMcKas00nG0yjpZEjgZAHGyF-2F4A4e0XkfQI32enjIV8CTRPY5UVxYv-2F5ziG8zqZW3TMjk1R9RQTuawJN" target="_blank"><span style="color:rgb(0,123,199)">struck a trade deal</span></a><span class="gmail-Apple-converted-space"> </span>with Vietnam, though the countries still have yet to release any text of the agreement and<span class="gmail-Apple-converted-space"> </span><a href="https://protect.checkpoint.com/v2/r01/___https:/url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyasVlxItr2fdP9GFDpe8m4oi88lXFGXei52n966MomgQo5ytOrRw-2FAa4Bro68b-2F0PdHGC7ZHwBhVHt7bSM5oa9fjWIUuMB4SBXbv4O0-2FCcHkor3CjdeYC4Yc8MWGSJGfJZQc-2BA-2BGbneC3r-2BaePiYybEu6sOYdemq-2BbmuGMVHrJ4efZXawdqtjJirSQy4xOf9Gg-3D-3DfSSY_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTyNeedN2TZk4Q219m13kf5AKQiy4DRlbZi1PHGUf-2FBu7aSJkKEHnZTw1WRdm-2FQ0NVlgu-2BEVBwV9a0-2FUxdkCYDJxNUhPWIBWwQ21fXBO3r4r1rxTQSy4IbdKe1scn2mpnbJdXls-2FAA4y9OV4b6-2F4UAn1dcgvr1DoHoYB-2BCwdlSYZBWUjklAd-2FGmSb0xM5E0N63HiJkKUXZCipaOe-2BaEIrjNP5wnej-2B55lg3wnsI5Y33LhPHqp9IO1fx4dN9Wv54yB4piYwEe1f2I6wj-2BAEGf3WBbLvmyMUcxL-2BzUAM6PCzb0g4oxVzXmhhfWNpxW5HImKnNYYm2sx22U-2FiGoF3QdW2rKP8I1UXCpUh-2BEnvFCfKl37mcy9RRtBr3cclwJJGTXpLsZm-2FDV6RPEsIbhFQRL-2FjLC4t2I3x2RhOr5IKRGAB3ooy3B9uovKf82jSNYXTB-2BhMXsUjB5VAZ8NBzHK8AHuLfh-2F-2FdZAoWeD2DaCJbN9L6SgMZyikjiaOA-3D-3D___.YzJ1OmFlbHBlY29ub21pY2xpYmVydGllczpjOm86MTZhYTA5MzljOTFmZjA3MjU2N2M0NmY4YTAyODM3YzM6NzoxYzI1OjIxNDAyOTVhMzdiYTk4OGViM2JhYzA1NjJlODU5ZTA5MjBkMGQzZmM1MDZjMjU1MmNmZmY1Y2ZkMGY2ZTUyNDE6aDpUOkY" title="Protected by Check Point: https://url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyasVlxItr2fdP9GFDpe8m4oi88lXFGXei52n966MomgQo5ytOrRw-2FAa4Bro68b-2F0PdHGC7ZHwBhVHt7bSM5oa9fjWIUuMB4SBXbv4O0-2FCcHkor3CjdeYC4Yc8MWGSJGfJZQc-2BA-2BGbneC3" target="_blank"><span style="color:rgb(0,123,199)">Vietnam has not accepted a key part of it</span></a>.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">The Trump administration is under increasing pressure to announce trade deals with countries as it stares down a new Aug. 1 deadline to impose tariffs on dozens of countries, which could risk spiking costs for consumers.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">The Bureau of Labor Statistics announced Tuesday that the Consumer Price Index rose 2.7 percent in June from a year ago, which<span class="gmail-Apple-converted-space"> </span><a href="https://protect.checkpoint.com/v2/r01/___https:/url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyeBtM4rx68Sc5s-2BcZ18FzNlo8Je54uzeONAIVKq7gR5fYLQkG-2F3LnHL1rbYNQfNOunHgiSF7r2v0dzvPS25WRNiEz6495XrfrlTeTlSs6m3b917lXu4UV1X3bVuQJN1n5-2FFZvQj6LPCsCqiRHng7mAA-3DbIGN_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTyNeedN2TZk4Q219m13kf5AKQiy4DRlbZi1PHGUf-2FBu7aSJkKEHnZTw1WRdm-2FQ0NVlgu-2BEVBwV9a0-2FUxdkCYDJxNUhPWIBWwQ21fXBO3r4r1rxTQSy4IbdKe1scn2mpnbJdXls-2FAA4y9OV4b6-2F4UAn1dcgvr1DoHoYB-2BCwdlSYZBWUjklAd-2FGmSb0xM5E0N63HiJkKUXZCipaOe-2BaEIrjNP5wnej-2B55lg3wnsI5Y33LhPHqp9IO1fx4dN9Wv54yB4piYwEe1f2I6wj-2BAEGf3WBbLvmyMUcxL-2BzUAM6PCzb0g4oxVzXmhhfWNpxW5HImKnNYYm2sx22U-2FiGoF3QdW2rKP8I1UXCpUh-2BEnvFCfKl37mcy9RRtBr2h1LTRlUaK-2FXbSMY79uHJLpZgtEMRqpC-2FqpygHCD3DIloi78XMkBbEykWMrS5iUq8DZTVaHm3B7o5Ehs069JJpMbbLQmbZj3NOAmYK4boD4Xm2gv0euy17jslSDweK5FA-3D-3D___.YzJ1OmFlbHBlY29ub21pY2xpYmVydGllczpjOm86MTZhYTA5MzljOTFmZjA3MjU2N2M0NmY4YTAyODM3YzM6Nzo2MjgwOmIzYTY3M2Q4Mjk5NjM4YmU1NDA1ODg2ZTA3NGM1NTU1MjRhMTk0ODhiNWQ3NDQwYWFiOWNjZDc5NWI1YTVjYmI6aDpUOkY" title="Protected by Check Point: https://url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyeBtM4rx68Sc5s-2BcZ18FzNlo8Je54uzeONAIVKq7gR5fYLQkG-2F3LnHL1rbYNQfNOunHgiSF7r2v0dzvPS25WRNiEz6495XrfrlTeTlSs6m3b917lXu4UV1X3bVuQJN1n5-2FFZvQj6LPCsCqiRH" target="_blank"><span style="color:rgb(0,123,199)">many economists have warned would happen as a result of Trump’s trade policies</span></a>. The president has been highly sensitive to inflation, for weeks calling on Federal Reserve Chair Jerome Powell to cut interest rates or resign.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">“Consumer Prices LOW. Bring down the Fed Rate, NOW!!!” Trump<span class="gmail-Apple-converted-space"> </span><a href="https://protect.checkpoint.com/v2/r01/___https:/url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyXdFeuGpuXBs6mleqmsbAUvH9kQ8mNy8dZxjkBPRg2gayEqcNJnmuhyk-2BaOOspSRje3E8G5n-2FzDhjSn-2BG-2BJG7vyEUwS6M6DErW67jV37s9cqWWd4_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTyNeedN2TZk4Q219m13kf5AKQiy4DRlbZi1PHGUf-2FBu7aSJkKEHnZTw1WRdm-2FQ0NVlgu-2BEVBwV9a0-2FUxdkCYDJxNUhPWIBWwQ21fXBO3r4r1rxTQSy4IbdKe1scn2mpnbJdXls-2FAA4y9OV4b6-2F4UAn1dcgvr1DoHoYB-2BCwdlSYZBWUjklAd-2FGmSb0xM5E0N63HiJkKUXZCipaOe-2BaEIrjNP5wnej-2B55lg3wnsI5Y33LhPHqp9IO1fx4dN9Wv54yB4piYwEe1f2I6wj-2BAEGf3WBbLvmyMUcxL-2BzUAM6PCzb0g4oxVzXmhhfWNpxW5HImKnNYYm2sx22U-2FiGoF3QdW2rKP8I1UXCpUh-2BEnvFCfKl37mcy9RRtBr4WRK4m10pcwQnho1i-2BVTKvm0vpiXcf7UaUlgmGXjFgZ7RaA0yDBHe1gRG6Xef0v0NIwHlr-2FXxOaA-2BMJ1IdDkPemCjk-2B6i-2BsMvJKUOG03yUFsnieogE45pOS12Dg9-2B0SGw-3D-3D___.YzJ1OmFlbHBlY29ub21pY2xpYmVydGllczpjOm86MTZhYTA5MzljOTFmZjA3MjU2N2M0NmY4YTAyODM3YzM6Nzo3N2JjOjZhNGZjZDZmMjhlMzVhMzMwNTg0YjZiYjM4YjMyYTI0ZDg5MzJiMDUyMjQ5ZmNjOTg4ZDJhMjZkMWVjYmE4M2M6aDpUOkY" title="Protected by Check Point: https://url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyXdFeuGpuXBs6mleqmsbAUvH9kQ8mNy8dZxjkBPRg2gayEqcNJnmuhyk-2BaOOspSRje3E8G5n-2FzDhjSn-2BG-2BJG7vyEUwS6M6DErW67jV37s9cqWWd4_MPntofsD8N2zaEQmbO9-2B1owVQ0LU" target="_blank"><span style="color:rgb(0,123,199)">wrote on Truth Social</span></a><span class="gmail-Apple-converted-space"> </span>just moments after his post on Indonesia. He<span class="gmail-Apple-converted-space"> </span><a href="https://protect.checkpoint.com/v2/r01/___https:/url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyXdFeuGpuXBs6mleqmsbAUvH9kQ8mNy8dZxjkBPRg2ga6z-2BNHGbLxHQ1usYLlVujPnESh3P6H3wKcMPDAuUrdTOJeR3BtjTIpYOW0A5u4fIypUVF_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTyNeedN2TZk4Q219m13kf5AKQiy4DRlbZi1PHGUf-2FBu7aSJkKEHnZTw1WRdm-2FQ0NVlgu-2BEVBwV9a0-2FUxdkCYDJxNUhPWIBWwQ21fXBO3r4r1rxTQSy4IbdKe1scn2mpnbJdXls-2FAA4y9OV4b6-2F4UAn1dcgvr1DoHoYB-2BCwdlSYZBWUjklAd-2FGmSb0xM5E0N63HiJkKUXZCipaOe-2BaEIrjNP5wnej-2B55lg3wnsI5Y33LhPHqp9IO1fx4dN9Wv54yB4piYwEe1f2I6wj-2BAEGf3WBbLvmyMUcxL-2BzUAM6PCzb0g4oxVzXmhhfWNpxW5HImKnNYYm2sx22U-2FiGoF3QdW2rKP8I1UXCpUh-2BEnvFCfKl37mcy9RRtBr36TSj06ZdsQDz-2BsCYOrfoZBtg6e-2BmoRq0cHgb-2BSxgEqw6I8GDJllCz0qYQLKZjFSe98cGO1NKtcxuLhot1HyJqssjR7TDfhslRBrrMxOHDgXnQea20YL81VraG-2FdML78Q-3D-3D___.YzJ1OmFlbHBlY29ub21pY2xpYmVydGllczpjOm86MTZhYTA5MzljOTFmZjA3MjU2N2M0NmY4YTAyODM3YzM6NzphYzViOmNkYWY0NmQyYTA5OTY2MTVmZTkyZTgyYjJhN2E5YzRhMzc2ZWI3NGU3NTcwZjdjYjJjN2EzYmU4MmExN2I0MzY6aDpUOkY" title="Protected by Check Point: https://url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyXdFeuGpuXBs6mleqmsbAUvH9kQ8mNy8dZxjkBPRg2ga6z-2BNHGbLxHQ1usYLlVujPnESh3P6H3wKcMPDAuUrdTOJeR3BtjTIpYOW0A5u4fIypUVF_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTy" target="_blank"><span style="color:rgb(0,123,199)">followed up with another</span></a><span class="gmail-Apple-converted-space"> </span>calling on the Fed to cut interest rates by 3 points.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">So far, Trump has only notched a true trade agreement with the United Kingdom, though he is touting an accord to deescalate trade tensions between the U.S. and China as a trade “deal,” as well.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">The announcement also follows news earlier this week that the European Union and Indonesia had reached<span class="gmail-Apple-converted-space"> </span><a href="https://protect.checkpoint.com/v2/r01/___https:/url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyWQuLj7LP2TKpYQU8poabtWFUhJBfLgg6mOnDc33afoyMekWoJ4nTj-2B9DiyOQcRdPn4hIhfFxsUXFesiiyQvzWAFtNjun-2FivFnyJ62RO7iObBot4hWd0msUQqslSa5c-2FCFgnEoAcQA417OIoLsdY0hfhDbD-2BOnjGVZoftJEUFAvEy8sjQcS-2FPHuTPBGsHQLtUQ-3D-3DGPAw_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTyNeedN2TZk4Q219m13kf5AKQiy4DRlbZi1PHGUf-2FBu7aSJkKEHnZTw1WRdm-2FQ0NVlgu-2BEVBwV9a0-2FUxdkCYDJxNUhPWIBWwQ21fXBO3r4r1rxTQSy4IbdKe1scn2mpnbJdXls-2FAA4y9OV4b6-2F4UAn1dcgvr1DoHoYB-2BCwdlSYZBWUjklAd-2FGmSb0xM5E0N63HiJkKUXZCipaOe-2BaEIrjNP5wnej-2B55lg3wnsI5Y33LhPHqp9IO1fx4dN9Wv54yB4piYwEe1f2I6wj-2BAEGf3WBbLvmyMUcxL-2BzUAM6PCzb0g4oxVzXmhhfWNpxW5HImKnNYYm2sx22U-2FiGoF3QdW2rKP8I1UXCpUh-2BEnvFCfKl37mcy9RRtBr5GKclTLm2nc146hbKBJQNeVz2EWUUdWp24pLiRV4t9udtOWpJqIM-2FCABMyr6HuCAo5noUErNU8lVQ2oW1RsT4zvcEOHINuIYMGRk-2B0nVq-2FouAKxgn4JrRBQxLiFLi9w4A-3D-3D___.YzJ1OmFlbHBlY29ub21pY2xpYmVydGllczpjOm86MTZhYTA5MzljOTFmZjA3MjU2N2M0NmY4YTAyODM3YzM6NzpkMTZkOjZhN2Y0MTQ5NWI4NmZiMGYyZGJiMThhMTI2MmM3OWE3MmNiNjJlNTc2YWI2ZWEyODM0MDZjN2NkMzgzNzc5Mzc6aDpUOkY" title="Protected by Check Point: https://url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyWQuLj7LP2TKpYQU8poabtWFUhJBfLgg6mOnDc33afoyMekWoJ4nTj-2B9DiyOQcRdPn4hIhfFxsUXFesiiyQvzWAFtNjun-2FivFnyJ62RO7iObBot4hWd0msUQqslSa5c-2FCFgnEoAcQA417OIoL" target="_blank"><span style="color:rgb(0,123,199)">a political agreement to finalize a free trade agreement by September</span></a>. That would put U.S. exporters at a disadvantage in selling to the nation of 281 million people, which is ranked as the world’s 17th largest economy.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">It also comes as China continues to use trade tensions with the U.S. to strengthen its own position in Southeast Asia.</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">In a thinly veiled response to Trump’s<span class="gmail-Apple-converted-space"> </span><a href="https://protect.checkpoint.com/v2/r01/___https:/url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyasVlxItr2fdP9GFDpe8m4oi88lXFGXei52n966MomgQp-2B85dsHa4ro78K6BAgUYY-2FjUHmElcrkmrZ4h4I3Xal1WODoXVMLpko9bD2bOuAxXeXINFHcde5vNnzFvG9UMCMDM6ZH6S4MB3xFJtCK8BJY-3D0VGt_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTyNeedN2TZk4Q219m13kf5AKQiy4DRlbZi1PHGUf-2FBu7aSJkKEHnZTw1WRdm-2FQ0NVlgu-2BEVBwV9a0-2FUxdkCYDJxNUhPWIBWwQ21fXBO3r4r1rxTQSy4IbdKe1scn2mpnbJdXls-2FAA4y9OV4b6-2F4UAn1dcgvr1DoHoYB-2BCwdlSYZBWUjklAd-2FGmSb0xM5E0N63HiJkKUXZCipaOe-2BaEIrjNP5wnej-2B55lg3wnsI5Y33LhPHqp9IO1fx4dN9Wv54yB4piYwEe1f2I6wj-2BAEGf3WBbLvmyMUcxL-2BzUAM6PCzb0g4oxVzXmhhfWNpxW5HImKnNYYm2sx22U-2FiGoF3QdW2rKP8I1UXCpUh-2BEnvFCfKl37mcy9RRtBr7ss4To-2B0tIi4PMS3X7IoOuDkji780dtuWmMbzFgUVrj7p7WxL-2FboNrJAYiR5eora8vBWeOzparAe2hLIePeGGzSaGBdiF1V-2FPNY1fZNraMKGTdSfAvEYU803gp51DIWyg-3D-3D___.YzJ1OmFlbHBlY29ub21pY2xpYmVydGllczpjOm86MTZhYTA5MzljOTFmZjA3MjU2N2M0NmY4YTAyODM3YzM6NzpiMDJmOmE4YzUyMzBlNTU0YThkMjRkZjcxNTc5YzI3ZjI0NDM4ZTEyZjAxMGYwOWFmNzU1NDRkMWRmMzAzNzNhYWIwODA6aDpUOkY" title="Protected by Check Point: https://url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyasVlxItr2fdP9GFDpe8m4oi88lXFGXei52n966MomgQp-2B85dsHa4ro78K6BAgUYY-2FjUHmElcrkmrZ4h4I3Xal1WODoXVMLpko9bD2bOuAxXeXINFHcde5vNnzFvG9UMCMDM6ZH6S4MB3xFJtCK" target="_blank"><span style="color:rgb(0,123,199)">letters threatening to raise tariffs on countries across the region</span></a>, Chinese officials said that their country “looks forward to working with regional countries to uphold true multilateralism and open regionalism and defend free trade and the multilateral trading system.”</span><span style="font-size:12pt;font-family:Georgia,serif"><u></u><u></u></span></p><p class="MsoNormal" style="margin-bottom:15pt"><span style="font-size:12pt;font-family:Georgia,serif;color:black">China was by far Indonesia’s largest trading partner in 2021, according to the World Trade Organization’s<span class="gmail-Apple-converted-space"> </span><a href="https://protect.checkpoint.com/v2/r01/___https:/url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyaROMwLe6X9kEZHVb2aHn5gNoMON5Ht-2F6wQmRP1UFAJZg-2F0ZGR1eF7gy5w-2Fz8ds0QpgAs6u14AZ6X-2FdjO1LhRpWp4zB56fVGpJ0FtINXW0waq-2FD7d2zcBFpSauVlLQUEMA-3D-3DqseU_MPntofsD8N2zaEQmbO9-2B1owVQ0LUqMIXTyNeedN2TZk4Q219m13kf5AKQiy4DRlbZi1PHGUf-2FBu7aSJkKEHnZTw1WRdm-2FQ0NVlgu-2BEVBwV9a0-2FUxdkCYDJxNUhPWIBWwQ21fXBO3r4r1rxTQSy4IbdKe1scn2mpnbJdXls-2FAA4y9OV4b6-2F4UAn1dcgvr1DoHoYB-2BCwdlSYZBWUjklAd-2FGmSb0xM5E0N63HiJkKUXZCipaOe-2BaEIrjNP5wnej-2B55lg3wnsI5Y33LhPHqp9IO1fx4dN9Wv54yB4piYwEe1f2I6wj-2BAEGf3WBbLvmyMUcxL-2BzUAM6PCzb0g4oxVzXmhhfWNpxW5HImKnNYYm2sx22U-2FiGoF3QdW2rKP8I1UXCpUh-2BEnvFCfKl37mcy9RRtBr8wXqPBr1Cq9nlnfKj-2F7WR7Lj3-2BDk7evm5VuHtY1kaEYwTAdwrfTK9NMYsG1z1c0IaH2xJQHq28CU527VwQsh9P5MKbFwV2Sv4XaxwUhfbDM95lUzb-2BUL6zhbIS38IQN5w-3D-3D___.YzJ1OmFlbHBlY29ub21pY2xpYmVydGllczpjOm86MTZhYTA5MzljOTFmZjA3MjU2N2M0NmY4YTAyODM3YzM6NzphZjYzOmI4OTVhN2ZhMTk3Y2MxMmNhOTBjNWM2Y2MyMzUxN2RkNzQ3M2M0ZDdlYWIzODM5Nzk2Y2E1MWM1MjBhZjBiYzA6aDpUOkY" title="Protected by Check Point: https://url4763.email.politicopro.com/ls/click?upn=u001.Q6ij-2B6lCBUOmLoIECmNeyaROMwLe6X9kEZHVb2aHn5gNoMON5Ht-2F6wQmRP1UFAJZg-2F0ZGR1eF7gy5w-2Fz8ds0QpgAs6u14AZ6X-2FdjO1LhRpWp4zB56fVGpJ0FtINXW0waq-2FD7d2zcBFpSauVlLQUEMA-3D-3DqseU_" target="_blank"><span style="color:rgb(0,123,199)">most recent trade profile report,</span></a><span class="gmail-Apple-converted-space"> </span>with the European Union, the United States and Japan closely competing for the second spot.</span></p></div></td></tr></tbody></table></div>