Archer Aviation reports manufacturing ramp with six aircraft in production
Investing.com -- Boeing (NYSE:BA) shares gained after President Donald Trump announced a "landmark deal" with Indonesia that includes the purchase of 50 Boeing jets.
Trump said on Tuesday that he finalized an agreement with Indonesian President Prabowo Subianto that "opens up Indonesia’s entire market to the United States for the first time in history."
As part of the deal, Indonesia has committed to buying $15 billion in U.S. energy products, $4.5 billion in American agricultural products, and 50 Boeing jets, many of them 777s, according to Trump.
The agreement will give American ranchers, farmers, and fishermen complete access to Indonesia’s market of over 280 million people, Trump stated.
Additionally, Indonesia will pay a 19% tariff on all goods exported to the United States, while U.S. exports to Indonesia will be free from tariffs and non-tariff barriers, according to Trump’s statement.
The deal also includes provisions for transshipment from higher-tariff countries, with those tariffs being added to what Indonesia pays.
Trump thanked Indonesia for its "friendship and commitment to balancing our trade deficit."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.