Indonesia’s president, Prabowo Subianto, confirmed on Wednesday the broad outlines of a trade agreement with the United States that was reached after what he called “tough negotiations” with Washington, the New York Times reported. Under the terms, which President Trump on Tuesday called a “great deal for everybody,” U.S. exports to Indonesia would face no tariffs, while Indonesian goods would be charged a tariff of 19 percent in the United States. Mr. Prabowo confirmed in brief remarks in Jakarta that the two nations had “finally” reached an agreement.

The New York federal judge who gave Argentina until yesterday to cede its controlling stake in YPF SA to holders of a $16 billion judgment granted the South American nation a three-day extension to seek a longer delay from an appeals court, Bloomberg News reported. U.S.

Mexico's banking regulator slapped three financial institutions, which had been sanctioned by the U.S. for alleged money laundering, with more than 185 million pesos ($9.81 million) in fines in June, local media reported on Tuesday, Reuters reported. The U.S. Treasury last month prohibited certain transactions with Mexico's CIBanco, Intercam Banco and Vector Casa de Bolsa as part of fentanyl sanctions. The fines were largely related to money-laundering prevention, local media reported, citing data published by the regulator.

The Trump administration announced on Monday a duty of about 17% on fresh tomatoes from Mexico, which account for two-thirds of the tomatoes eaten in the U.S., and the end of an export deal between the two countries, Reuters reported. The Commerce Department said the U.S. was withdrawing from a 2019 agreement with Mexico that suspended an antidumping duty investigation on Mexican tomatoes, whose exports to the U.S. are valued at $3 billion a year.

The European Union on Monday accused the U.S. of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached to avoid the punishing tariffs President Donald Trump has threatened to impose starting on August 1, Reuters reported. Trump, meanwhile, said that he was open to further discussions with the EU and other trading partners before new 30% tariffs kick in next month and that EU officials would be coming to the United States for negotiations.

Much higher U.S. tariffs on imports from the European Union would further weaken already anemic growth in the eurozone, and likely prompt the European Central Bank to lower borrowing costs, the Wall Street Journal reported. President Trump on Saturday threatened to raise the duty charged on imports of a wide range of goods to 30% from 10% if the European Union doesn’t drop all of its tariffs on U.S. goods. The U.S. already charges higher tariffs for imports of automobiles and metals, and is considering additional duties on pharmaceuticals and other goods.

President Donald Trump on Monday threatened to impose “secondary tariffs” on Russia’s trade partners “at about 100%” if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days, CNBC.com reported. “We’re very, very unhappy with them, and we’re going to be doing very severe tariffs, if you don’t have a deal in 50 days, tariffs at about 100%, they call them secondary tariffs,” Trump said from the White House while meeting with NATO’s secretary general, Mark Rutte.

Thailand is considering offering zero tariffs on more U.S. imports, the finance minister said on Monday, Reuters reported. The government is also preparing 200 billion baht ($6.1 billion) worth of soft loans to ease the impact of tariffs, Finance Minister Pichai Chunhavajira told a business seminar. Thailand faces a 36% tariff from Washington if a deal cannot be reached before August 1. Read more.

President Donald Trump on Saturday threatened duties of 30% on products from Mexico and the European Union, two of America’s biggest trading partners, in an ongoing tariff campaign that’s upended global trade since he retook office in January, CNN.com reported. “The United States of America has agreed to continue working with the European Union, despite having one of our largest Trade Deficits with you.

The EU is preparing to step up its engagement with other countries hit by Donald Trump’s tariffs following a slew of new threats to the bloc and other US trading partners, Bloomberg News reported. The contacts with nations including Canada and Japan could include the potential for coordination. The move comes as talks between the EU and the US have dragged on and continue to be stuck on several issues, including cars and tariff rates on agriculture.