Trump's Trade Maneuvers: Tariffs on Indonesia and Global Ripples

In a bold move that could reshape global trade dynamics, President Donald Trump announced a 19% tariff on goods imported from Indonesia. This initiative marks a significant shift in U.S. trade policy aimed at shrinking the trade deficit and securing better terms with international trading partners.

The new tariff deal with Indonesia, a lesser-known U.S. trading ally, sees a strategic focus as Trump seeks to leverage better deals across the globe. The announcement follows a series of similar negotiations with other nations, including Vietnam, as the administration races against an August 1 deadline for tariff hikes.

Though these moves have unsettled international markets and triggered inflation fears, they reflect Trump's commitment to renegotiating trade terms. The administration is engaging in active discussions with major players like India and the European Union, hinting at a broader trade strategy on the horizon.

(With inputs from agencies.)