Trump says a US-India trade deal is “very close” and could follow his Indonesia template, which includes full US access and significant Indian purchases. Meanwhile, Apple’s iPhone exports from India surged 53% in H1 2025 as it ramps up production to avoid US tariffs on China—all of this in today’s Two Sharp with ET with Nisha Poddar.

WASHINGTON: US President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in significant purchase commitments from the Southeast Asian country, following negotiations to avoid steeper tariffs.

Financial markets greeted US President Donald Trump’s tariff deal with Indonesia with little fanfare Wednesday, signaling the rate of around 20% that was once viewed as punitive is now seen as workable.

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.

President Donald Trump has again delayed a tariff deadline. His back and forth on the policy spurred TACO accusations. What does it mean?

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.