Indonesian flour makers just struck a massive wheat deal with America. The companies agreed to buy one million tons of American wheat every year for five years. The agreement costs a whopping 1.25 billion dollars and helps Indonesia dodge Trump's painful trade taxes. Flour mill bosses signed the paperwork Monday morning at a ceremony in Jakarta. The smart move protects Indonesian businesses from getting crushed by expensive import fees.
Trump threatened to slam Indonesia with brutal new tariffs starting August first. The angry president wants to punish countries that sell more to America than they buy back. Indonesia already faces a nasty 10 percent tax on goods shipped to the United States. Trump plans to add another 32 percent penalty on top of that existing fee. The double hit would make Indonesian products way too expensive for American shoppers.
Franciscus Welirang runs the Indonesian Flour Mills Association and pushed hard for the wheat purchase. His group teamed up with US Wheat Associates to hammer out the annual 250 million dollar agreement. American trade officials showed Indonesia owed them 17.9 billion dollars last year from lopsided commerce. The debt grew bigger compared to previous years and made Trump furious about unfair trading. Indonesia promised to buy more American energy and products to balance the books.
Trump threatened to slam Indonesia with brutal new tariffs starting August first. The angry president wants to punish countries that sell more to America than they buy back. Indonesia already faces a nasty 10 percent tax on goods shipped to the United States. Trump plans to add another 32 percent penalty on top of that existing fee. The double hit would make Indonesian products way too expensive for American shoppers.
Franciscus Welirang runs the Indonesian Flour Mills Association and pushed hard for the wheat purchase. His group teamed up with US Wheat Associates to hammer out the annual 250 million dollar agreement. American trade officials showed Indonesia owed them 17.9 billion dollars last year from lopsided commerce. The debt grew bigger compared to previous years and made Trump furious about unfair trading. Indonesia promised to buy more American energy and products to balance the books.
