President Donald Trump says he has reached an agreement with Indonesia, but has not yet shared specific details about the deal. He posted on Truth Social: “Great deal, for everyone, just made with Indonesia. I dealt directly with their very respected president. DETAILS TO FOLLOW!” This is Trump's fourth trade agreement since he introduced reciprocal tariffs in April. So far, he has only reached agreements with the United Kingdom, China, and Vietnam, with Indonesia now being the latest addition. Hartarto of Indonesia was in talks with officials Lutnick and Bessent. Just last week, President Trump warned that he would impose a 32% tariff on Indonesian exports starting August 1. Indonesia responded to the threat by sending its chief trade envoy to engage with Trump's cabinet and reach an agreement. The Coordinating Minister for Economic Affairs of the country, Airlangga Hartarto, met with U.S. Trade Representative Jamieson Greer, Secretary of Commerce Howard Lutnick, and Secretary of the Treasury Scott Bessent to discuss trade agreements. Earlier this month, President Trump reached an agreement with the Vietnamese government. The U.S. now imposes only a 20% tariff on goods from Vietnam entering the U.S. and a 40% transshipment tax. The transshipment tariffs mean that any country using Vietnam to export its products to the U.S. will face a 40% tariff. In contrast, Vietnam had to fully open its markets to the U.S., charging a tariff of 0%. Additionally, the U.S. and China agreed to a tariff truce. The two economies, however, set a deadline for their truce until August 12. On Tuesday, Treasury Secretary Scott Bessent hinted at the possibility of extending the tariff truce with China. He noted that his talks with China are in a “very good place.” It was reported that the Vietnamese government was surprised by Trump’s announcement of the agreement. Like the agreement with Indonesia, Trump was also the first to announce his agreement with Vietnam. However, according to sources, the Vietnamese government was taken aback by Trump’s announcement regarding the agreement and is still investigating how it can reduce the 20% rate. They claimed that the head of the Vietnamese party, To Lam, after his last call with Trump, instructed his team to continue efforts to reduce the tariff rate. It was reported that Vietnam believed it had secured a better tariff rate than the 20% announced by Trump. The Vietnamese government was pushing for tariffs between 10% and 15%. According to Bloomberg, the agreement between the U.S. and Vietnam was barely mentioned in local news. Furthermore, shortly after Trump’s post on Truth Social about the agreement, the country’s Ministry of Foreign Affairs stated that negotiators were still finalizing the details of the agreement. So far, Vietnam's leadership has been notably quiet about the details of the matter. Instead of addressing it directly, Prime Minister Pham Minh Chinh has only spoken about Vietnam's broader goals of diversifying exports and supply chains to adjust to tariff changes. Last Friday, Secretary of State Marco Rubio hinted that he understood Vietnam's position, stating that the Asian nation wanted to have a tax rate “that is at least as good as, if not better than, other countries that do not have a trade agreement” with the United States. Throughout the negotiations, Vietnam tried to maintain its relations with China. Washington had consistently asked Vietnam to block Chinese products that were being rerouted and repackaged through the country to avoid higher tariffs. With the 40% tariff in place, Beijing has stated that it will review the agreement to determine if its interests have been affected. Meanwhile, Prime Minister Mark Carney acknowledged for the first time that the trade agreement he is negotiating with the U.S. president will almost certainly include tariffs. Speaking in French on Tuesday morning before a cabinet meeting, he pointed out the lack of evidence that the U.S. is offering tariff-free deals. Before Carney’s comments, Canadian officials had remained hopeful for a nearly tariff-free relationship as part of the proposed trade and security agreement. According to Kirsten Hillman, the country’s ambassador to Washington and chief negotiator, Canada’s goals remain straightforward. In an interview with CTV News last month, she emphasized that the United States-Mexico-Canada Agreement ensured a 99 percent tariff-free trade relationship with the U.S., which Canada considers a fair and balanced deal. Key Difference Wire: the secret tool that cryptocurrency projects use to gain guaranteed media coverage.