The U.S. and Indonesia agreed to the framework of a trade agreement, the White House said in a joint statement. Jakarta will drop almost all tariffs on U.S. goods, while imports to the U.S. from Indonesia will be set at 19%, according to the statement. The U.S. and Indonesia will continue to “negotiate and finalize the Agreement on Reciprocal Trade” in the coming weeks, the joint statement says.
The U.S. and Indonesia agreed to the framework of a trade agreement which would see Jakarta scrap most of its tariffs on American imports, the White House revealed in a joint statement Tuesday afternoon.
U.S. tariffs on Indonesian imports would be set at 19% under the deal, which is described in the release as an “Agreement on Reciprocal Trade.”
While higher than the 10%