Summary
The United States and Indonesia have signed a deal to reduce US tariffs on Indonesian goods to 19%, down from 32%. The agreement also includes Indonesia reducing trade barriers on over 99% of imports from America.
Key Facts
- US tariffs on Indonesian goods will decrease from 32% to 19%.
- Indonesia will reduce trade barriers on over 99% of American imports.
- The deal affects various sectors, including agriculture, healthcare, seafood, technology, and car-related goods.
- The US will provide tariff exemptions on some Indonesian goods, such as specific clothing and textiles.
- Indonesia will adopt US standards for car safety, emissions, food, and drug guidelines.
- The agreement was signed during Indonesia's President Prabowo's visit to Washington.
- The visit was for the first meeting of the Trump-led "Board of Peace" to discuss Gaza's reconstruction.
