Donald Trump announced a trade deal with Indonesia, reducing a proposed tariff to 19% in exchange for Indonesian purchases of U.S. goods. Meanwhile, June inflation rose slightly, with tariffs contributing to price increases in core goods, while Treasury investors face historically low nominal returns amid expectations of future Fed rate cuts and ongoing tariff-induced inflation concerns.
Explain It To Me Like I’m 5: Donald Trump announced a new trade deal with Indonesia that includes reduced tariffs on exports to the US and commitments to purchase American goods, while inflation data indicates rising prices due to tariffs impacting imported items.
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