President Trump has flagged that US tariffs on pharmaceutical imports are likely to kick in on Aug. 1, with duties on semiconductors also in line for implementation then too. “Probably at the end of the month,

President Trump said Tuesday that he had struck a trade agreement with Indonesia, calling it a “great deal for everybody” in a social media post.

The country has also agreed to purchase $15bn worth in US energy, $4.5bn in American agricultural products and 50 Boeing jets, he later wrote on social media.