President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in a lower US tariff on the country's goods than earlier threatened, alongside better market access. India basically is working along that same line,

European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.

The government will execute gas and oil imports only if negotiations between Indonesia and U.S. results in lowered tariffs.

Brazilian President Luiz Inácio Lula da Silva spoke exclusively with CNN’s Christiane Amanpour for a wide-ranging interview, including his reaction to President Donald Trump’s threat to impose 50% tariffs.

President Donald Trump has been sending letters to countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.

Economists and investors urge Bank Indonesia (BI) to lower interest rates to boost the economy, citing new U.S. import tariffs.

Indonesia’s president said he struck a 19% tariff deal with US President Donald Trump, the first confirmation of the key agreement detail after months of talks between the countries.