The Trump deal with Indonesia.
- Imported goods from Indonesia are 19%
- Tariffs on US goods into Indonesia 0%
- Indonesia opens up markets to US companies
- They buy US energy, ag products and jets.
This is what Trump will use as the benchmark. Trump hopes that the importers of goods either eat the costs, or ease in the costs without spiking inflation and leading to persistent inflation.
This article was written by Greg Michalowski at www.forexlive.com.