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Indonesia’s Trade Deal with America: an exercise in Timing, or How to Sign a Treaty One Day Before the Rug is Pulled

Published · 10 facts logged from 7 sources

What Actually Happened

#ClaimDateEntitiesSource
1Indonesia and the United States signed a trade deal mandating the elimination of import taxes on American products entering Indonesia.Indonesia, United States, trade dealThe White House (Fact Sheet) (archived)
2The trade deal requires substantial changes to Indonesian laws and regulations, including revisions to labor laws and regulatory practices.Indonesia, trade deal, labor laws, regulatory practicesThe White House (Fact Sheet) (archived)
3The trade deal grants expanded access for American companies to Indonesian minerals.United States, American companies, Indonesia, mineralsThe White House (Fact Sheet) (archived)
4The US Supreme Court declared former President Trump's tariffs illegal shortly after the Indonesia-US trade deal was signed.US Supreme Court, Donald Trump, tariffsCBS News (archived)
5Former President Trump imposed new 10% global tariffs under a different legal provision, theoretically enforceable for only 150 days.Donald Trump, 10% tariffs, United StatesCBS News (archived)
6Extending Trump's new tariffs would require approval from the US Congress.Donald Trump, tariffs, US CongressCongressional Research Service (via EveryCRSReport.com) (archived)
7Analysts from Celios have stated that Indonesia no longer has to ratify the trade deal in light of the US Supreme Court's ruling.Celios, Indonesia, trade deal, US Supreme CourtTempo.co (archived)
8The European Union froze the ratification of its trade deal with the US after the Supreme Court's ruling on tariffs.European Union, trade deal, United States, US Supreme Court, tariffsDeutsche Welle (DW) (archived)
9International law professor Marco Marketti has argued that Indonesia should ratify the trade deal to avoid public and international embarrassment.Marco Marketti, Indonesia, trade dealInstagram Video (Primary Source) (archived)
10The Indonesian government has stated it will continue to process the trade agreement with the United States.Indonesian government, trade agreement, United StatesTempo.co (archived)