Indonesia has agreed to lift restrictions on nickel exports to the U.S. — material the government linked to forced labor last year — as part of a trade deal reached with President Donald Trump.
Indonesia is the world’s largest producer of nickel. Trump in a Truth Social post said he inked a $50 billion deal with Indonesia. Under the deal, no duties will be imposed on American products while Indonesia will pay 19 percent tariffs, down from 32 percent tariffs. Indonesia is also agreeing to buy $15 billion worth of liquefied petroleum gas, crude oil and gasoline from the U.S.
“It is agreed that Indonesia will be Open Market to American Industrial and Tech Products, and Agricultural Goods, by eliminating 99% of their Tariff Barriers,” Trump wrote.
“In addition, Indonesia will supply the United States with their precious Critical Minerals, as well as sign BIG Deals, worth Tens of Billions of Dollars, to purchase Boeing Aircraft, American Farm products, and American Energy. This Deal is a HUGE WIN for our Automakers, Tech Companies, Workers, Farmers, Ranchers, and Manufacturers. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!”
