Trump's tariffs push Indonesia and the EU to a trade deal
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 24 September 2025
⏱️ 9 minutes
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Summary
From the BBC World Service: After nearly a decade of negotiations, the European Union and Indonesia have agreed to a trade deal, in part to offset some of the effects of Trump's tariffs. Then, Nigeria has cut interest rates for the first time in five years. Plus, India has reduced taxes on everyday items to counteract the effects of U.S. tariffs, and the UK government says it saved around $600 million last year using artificial intelligence to combat fraud.
Transcript
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| 0:58.2 | slash GO. Trump's tariffs push Indonesia and the EU to agree a new trade deal. Live from the UK, |
| 1:07.3 | this is the Marketplace Morning Report from the BBC World Service. I'm William Lee Adams. |
| 1:12.1 | Good morning. After nearly a decade of negotiations, the European Union and Indonesia have agreed a trade deal. |
| 1:19.5 | Indonesia's Minister for Economic Affairs, Irelanda Har Toto, said the trade agreement will take effect |
| 1:25.0 | in 27. It's the third trade deal the EU has struck with countries in Southeast Asia, |
| 1:30.2 | but it's been among the longest to negotiate. |
| 1:33.1 | The BBC's Mora Fogarty joins us now from Singapore. |
| 1:36.8 | Mora hi. |
| 1:38.1 | Hi there. |
| 1:39.2 | So first off, this trade deal is meant to boost exports, |
| 1:42.8 | but is it also aimed at offsetting some of the |
| 1:45.8 | effects of President Trump's tariffs? Yeah, that's a pretty good way of looking at it, William. |
| 1:51.1 | So, first of all, the tariff negotiations have been going on for nearly 10 years between Indonesia |
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