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Stock impact report

U.S.-Indonesia trade deal is in danger of falling apart, FT reports [CNBC]

U.S. Energy Corp. (USEG) 
US:NASDAQ Investor Relations: usedc.com/financial-advisors-investors
Company Research Source: CNBC
The trade deal between Indonesia and the U.S. is at risk of unravelling as Washington officials view that Jakarta is going back on the terms of the agreement, according to The Financial Times. The report , citing people familiar with matter, said on Tuesday that U.S. trade representative Jamieson Greer believes Indonesia was “backtracking” on several commitments it had made. Indonesian officials reportedly are averse to agreeing to some binding commitments made in the deal and have communicated that to the USTR. Washington believes Indonesia is “backsliding” on removing non-tariff barriers to U.S. industrial and agricultural exports as well as its pledges on taking action on digital trade issues. Reuters reported on Wednesday that an Indonesian official told the agency that tariff negotiations were ongoing, with no specific issues have arisen during the talks. U.S. President Donald Trump U.S. had announced a deal with Indonesia in mid-July, slashing so-called “reciprocal” t Show less Read more
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