Trump Drops Trade Bombshell: Indonesia Gets ‘Full Access’ Pact, India Next In Line? | World News
New Delhi: US President Donald Trump announced on Tuesday (July 16th) that a turning point trade agreement with Indonesia was sealed and gave American enterprises what he described as “full access ına to Jakarta markets. He claimed that nothing would be deported from copper to cattle oath. And then the striker came – “India basically works on the same line.”
This is a sentence confused India’s trade observers.
The agreement with Indonesia was not easy. Hasan Nasbi, the spokesman of Indonesia, called the negotiation team’s “an extraordinary struggle”. At the center of the compromise was tariff reduction. Trump slapped a 32% tariff in Indonesian imports last week. The new agreement reduces this number to 19%. On the other hand, US exporters are entering a wide open Indonesian market with zero tariffs in key sectors.
Trump said Indonesia promised to buy $ 15 billion US energy, $ 4.5 billion US farm goods and 50 Boeing jets. Most importantly, Indonesia also agreed to reduce tariffs in both agricultural and industrial imports from the United States. The agreement rewritten the market access rules.
“We did not have access to any of these countries. Our people could not enter.
This formula, threat, pressure and concession may now appear in real time with India. The US and Indian negotiators were locked in extended negotiations all week and aimed to make a so -called temporary trade agreement. Trump’s Indonesian style model can be a plan.
But not everyone is buying.
The Global Trade Research Initiative (GTRI), an important policy thinking tank in the new Delhi, has issued a warning – India must print very carefully.
In the latest policy note, GTRI accused the Trump camp of “unilateral declarations olan, which often splashed before the actual negotiations. “We saw this with Vietnam,” the note said, “Trump announced a 20% tariff agreement, while Vietnamese officials had only accepted 11%.”
Note urged Indian trade officials to avoid being celebrated with an uncertain and handshake level guarantees. GTRI, “only signed jointly, a written expression is important,” he said.
The GTRI, which is even more worried, marked the fine pressure in the Indonesian agreement. While US companies have won unlimited entry into Indonesia, Jakarta is still facing a 19% tariff wall, while sending goods to the US. This is a lop biased agreement with any precaution.
“If India accepts something similar,” he warned.
India’s negotiators are organizing the agricultural line. Sources say that the sector remains the most sensitive in the talks. Washington is forced, but he refused to bud.
By the way, an hour passes. The United States swam the Timeline of August 1 as a soft deadline to seal multiple trade regulations. The Trump administration claims that this is not an ultimatum, just a goal of moving things. However, the real threat is that if any agreement cannot be reached, the tariff levels will return to April 2.
This return can be punishing. And for India, the risk of giving too much to give a lot of things is real as a internal market is still wandering in political pressures to protect pandemic inflation and farmers.
The current draft of the US-India agreement surrounds. Authorities in Delhi did not comment on Trump’s allegation of “working on the same lines”. However, the negotiations are active. Pressure is assembly.
For now, what’s coming in all the eyes. Will India push it back or play the ball?
Trump now seems to be whispering. Broadcasting. And when the next agreement is announced, India may not have the luxury of saying that it has not seen it has come.
