US and Indonesia finalise deal to cut tariffs to 19%
Washington will set a 19% tariff on most Indonesian goods in exchange for lower trade barriers for US goods
Coverage by Political Leaning
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Notable Quotes
"The agreement will 'break down trade barriers' while advancing the interests of the American people."
— Jamieson Greer , Executive
"The vision of this agreement is mutual economic prosperity, strong supply chains, and respect for each country's sovereignty."
— Airlangga Hartarto , Politician
"I'm very optimistic about the future of our relationship."
— Prabowo Subianto , Politician
"the agreement 'breaks down trade barriers' and advances the interests of the American people."
— Jamieson Greer , Executive
Key People
Indonesia's Coordinating Minister for Economic Affairs.
Former president of the United States known for his aggressive economic policies.
Jamieson Greer is the U.S. Trade Representative.
President of Indonesia.
Tags
All Coverage
Washington will set a 19% tariff on most Indonesian goods in exchange for lower trade barriers for US goods
The US and Indonesia finalized a trade deal to reduce US tariffs on Indonesian goods to 19% from 32%. In return, Indonesia will remove trade barriers on more than 99% of US imports and facilitate over $30 billion in purchases of American goods.
Indonesia has agreed to several policy changes, including removing local content requirements and a critical mineral export ban, to secure a 19% import tariff to the United States in a recently signed deal.
Indonesia and the United States have signed an agreement on reciprocal trade, with Washington maintaining the 19% tariff it had previously agreed for goods exported by the Southeast Asian country, Indonesia said on Friday.
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