- Landmark Trade Agreement: President Trump announced a significant trade deal with Indonesia, which will provide American businesses with unprecedented market access, including the elimination of tariffs on over 99% of U.S. products and a reciprocal tariff rate of 19% on U.S. goods.
- Elimination of Barriers: The agreement includes commitments from Indonesia to remove various tariff and non-tariff barriers for U.S. exports, particularly in agriculture, energy, and digital trade, while also strengthening rules of origin to ensure benefits accrue to the U.S. and Indonesia.
- Focus on Labor Standards and Economic Security: Indonesia has committed to improving labor standards by implementing a forced labor import ban and enhancing cooperation on economic security, including addressing global excess capacity in the steel sector and facilitating exports of critical minerals to the U.S.
Source whitehouse.gov
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