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USA and Indonesia agreed with the frames a trade an agreement that would see that Jakarta cut off most of her tariffs As for American imports, the White House showed a joint statement on Tuesday.
Indonesian imports will be set in 19% as part of the agreement, which is described in the issue as a “mutual trade agreement”.
While above 10% of the base tariff, which struck the US in virtually all other countries, 19% rate is much lower than 32% of duties with which Indonesia initially faced the president Donald TrumpTariff Plan “Liberation Day” in April.
The joint statement notes that the US and Indonesia will continue to “agree and complete the mutual trade agreement” in the coming weeks.
The worker processes soy to make a tofu at the traditional tofu factory in solo, central Java, Indonesia, May 1, 2025.
Agree Rudiant | Nurphoto | Gets the image
They will also “prepare the signature agreement and will present internal formalities by the time that comes into force,” the statement said.
Recently Open Conditions The Frames Reflect Those Trump posted When he first announced on social media last week, he “concluded” an agreement with Indonesia after talking to his president, the Subion.
A more official statement on Tuesday says that the framework also includes a number of upcoming commercial transactions between the two countries, including the purchase of aircraft worth 3.2 billion dollars and according to the procurement of energy products.
The framework also states that countries will also resort to various “non -tariff barriers” and other obstacles faced by the United States in Indonesian markets.
Indonesia is one of the best US trading partners, and two countries trades more than $ 38 billion in 2024, reports Department of Trade. Last year, the US trade deficit with Indonesia amounted to $ 17.9 billion.
“Today’s message shows that America can protect its domestic production by gaining extensive access to the market with our trading partners,” US trading representative Jamison Grir said in a statement.
“American manufacturers with long-standing high tariffs and difficult requirements will receive unprecedented access to Indonesia market and high certainty in the digital sector. I thank the Minister of Indonesian Aylangga Hartart for his dedication, and I am glad that we can reach a fair, balanced and mutual trade.
The transaction joins the limited number of other frame trading agreements, which outlined the Trump administration, which has released with the countries that included the UK and China.
This month, Trump announced that Indonesia’s transactions were reached with Vietnam and Philippines.
But the conditions of these transactions, as described by the White House, did not confirm the participating countries.
Trump has also sent a number of letters to the US key trading partner, posting steep tariff rates, according to which he said will be imposed on August 1.
