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Indonesia’s 19% Levy; Trump on Drug, Chip Tariffs | Horizons Middle East & Africa 7/16/2025

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July 16, 2025

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US President Donald Trump says Indonesia will buy 50 Boeing jets and more than $19 billion of American products amid a 19% tariff deal. Trump also warns pharma tariffs could hit by next month with semiconductor levies to follow. 30-year Treasury yields top 5% as traders pare back bets on Fed rate cuts, focusing on the potential for higher tariff-driven inflation over the coming months despite softer core CPI. The world's most powerful finance ministers and central bankers gather in South Africa for a G-20 meeting, overshadowed by uncertainty over Trump's trade salvos. Guests include: Ayesha Tariq, Macrovisor co-founder; Patrick Saner, Swiss Re, macro strategy head; and Chiedza Madzima, BMI, head of global operational risk research.

Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.

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US President Donald TrumpCPI TheSouth AfricaAyesha Tariq MacrovisorPatrick Saner Swiss ReChiedza Madzima BMIHorizons Middle EastMEA All

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