Indonesia, Donald Trump and tariff
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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.
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.