PREVIEW

US And Indonesia Finalise Deal To Cut Tariffs To 19%. The United States and Indonesia have finalised a trade agreement that lowers US tariffs on Indonesian goods to 19%, down from 32%. The White House says Indonesia will remove trade barriers on more than 99% of American imports and facilitate over $30 billion in purchases of US goods. In return, Washington will grant exemptions on selected Indonesian products, including textiles made with American cotton and synthetic materials. US Trade Representative Jamieson Greer said the agreement breaks down barriers while advancing American interests. The deal was confirmed during a visit to Washington by Indonesian President Prabowo Subianto. Jakarta says it secured tariff exemptions for more than 1,700 goods, including coffee, spices, rubber and palm oil. Indonesia has also agreed to open its markets to US agricultural, medical and automotive products, purchase Boeing jets and energy supplies, and support rare earth development projects. The agreement is set to take effect within 90 days.
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