President Trump announced a new trade agreement between the U.S. and Indonesia: Indonesian goods will face a 19% tariff, while U.S. goods enter Indonesia tax‑free.

On July 15, 2025, Trump announced a preliminary trade deal: Indonesia’s exports to the U.S. will bear a 19% tariff (down from threatened 32%), while U.S. exports to Indonesia remain untaxed. Indonesia will buy $15 billion in U.S. energy, $4.5 billion in agricultural goods, and 50 Boeing jets. Measures to prevent trans‑shipment are included.

Trump said via social media that Indonesia will purchase 50 Boeing jets as part of the trade agreement.

RBI Governor Sanjay Malhotra said year‑long inflation is expected to stay below 3.7%, citing June’s retail inflation at a six‑year low (~2.10%); policy decisions will consider outlook, not just current numbers.

India’s merchandise trade deficit narrowed to $21.88 billion in May, helped by a slowdown in imports and a seasonal uptick in exports.

India is negotiating with Chile and Peru for critical minerals—especially copper—through free trade agreement talks. India currently imports over 90% of copper concentrate, projected to reach 97% by 2047. It also plans to incentivize domestic magnet production amid reliance on China for rare‑earth magnets.

China and Australia signed several cooperation agreements covering trade, customs inspection, quarantine, and agriculture during Australian PM Albanese’s visit to Beijing.