Indonesia Confirms U.S. Trade Agreement
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Indonesia's central bank delivered on Wednesday its fourth rate cut in an easing cycle that began in September, boosting support for Southeast Asia's biggest economy as it faces pressure from weakening global trade and slowing domestic demand.
The decision by Bank Indonesia to cut rates comes amid news of a trade deal with the U.S. that could ease the tariff overhang on the economy.
Donald Trump said the US had reached a trade deal with Indonesia that would result in goods from the south-east Asian nation to the US being hit with a 19 per cent tariff and Jakarta buying American energy and Boeing jets.
The team assess the tour to Indonesia and hear from Oxford United's manager and CEO.
Heritage Foundation research fellow EJ Antoni on the impact new energy investment will have on inflation and the White House's trade agreement with Indonesia.
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President Trump said Indonesia has completely caved on trade negotiations, eliminating all tariffs on U.S. goods and agreeing to pay the 19% on things they buy from America. PRESIDENT DONALD TRUMP We made a deal with Indonesia.
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