US and Indonesia agree to reduce tariffs to 19 percent
Stockholm, February 20 (Hibya) — The Trump administration and the Indonesian government announced that they have finalized an agreement to reduce US tariffs imposed on the Southeast Asian country from 32 percent to 19 percent.
The White House said on Thursday that under the agreement, Indonesia will remove trade barriers on more than 99 percent of US imports and facilitate the purchase of more than $30 billion worth of American goods.
Washington stated that it has granted tariff exemptions for certain Indonesian goods, including some apparel and textile products made with cotton and synthetic materials sourced from the United States.
US Trade Representative Jamieson Greer said the agreement would advance the interests of the American people while “eliminating trade barriers.”
The deal was reached during Indonesian President Prabowo Subianto’s visit to Washington to attend the first meeting of the Trump-led “Peace Council” to discuss the reconstruction of Gaza.
Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, said the final agreement would benefit both sides and attract more investment to Indonesia.
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