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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“It is my Great Honor to announce our Trade Agreement with the Republic of Indonesia, as represented by their Highly Respected President, Prabowo Subianto. It is agreed that Indonesia will be Open Market to American Industrial and Tech Products, and Agricultural Goods, by eliminating 99% of their Tariff Barriers. The United States of America will now sell American Made products to Indonesia at a Tariff Rate of ZERO, while Indonesia will pay 19% on all of their products coming into the U.S.A. — The Best Market in the World! In addition, Indonesia will supply the United States with their precious Critical Minerals, as well as sign BIG Deals, worth Tens of Billions of Dollars, to purchase Boeing Aircraft, American Farm products, and American Energy. This Deal is a HUGE WIN for our Automakers, Tech Companies, Workers, Farmers, Ranchers, and Manufacturers. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because The announcement of a trade agreement between the U.S. and Indonesia could positively impact the stock market, particularly benefiting companies like Boeing and Deere & Company due to potential large-scale purchases of aircraft and agricultural products. Apple Inc. and the Technology Select Sector SPDR Fund might see gains from increased market access for tech products in Indonesia. The Industrial Select Sector SPDR Fund and Consumer Discretionary Select Sector SPDR Fund could also experience positive effects due to reduced tariffs and increased export opportunities.
Here are some of the stocks that might be affected:
Apple Inc ((AAPL)),
Boeing Company ((BA)),
Deere & Company ((DE)),
Industrial Select Sector SPDR Fund ((XLI)),
Technology Select Sector SPDR Fund ((XLK)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)).