US, Indonesia finalize trade deal scrapping tariffs on almost all American goods

Source: New York Post

The White House announced late Thursday it had secured a reciprocal trade agreement with Indonesia that will see the world’s most populous Muslim-majority country eliminate duties on 99% of US goods. Meanwhile, according to a Trump administration fact sheet, the US will maintain 19% tariffs on most Indonesian goods, in line with rates imposed by Washington on neighboring Cambodia and Malaysia. The agreement was announced hours after Indonesia President Prabowo Subianto attended the inaugural meeting of President Trump’s Board of Peace, joining representatives from almost 50 other nations as well as the European Union.