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Indonesia says US trade deal reached after ‘extraordinary struggle’
Indonesia says it has reached a trade deal with the United States after an "extraordinary struggle" in negotiations which resulted in a reduction of proposed US tariff rates on the South-East Asian country's exports to 19% from 32%.
What would Indonesia get from a US tariff deal?
The agreement, which has limited detail so far, has been welcome by the presidents of Indonesia and the United States. Jakarta plans to buy Boeing planes and Indonesian goods will face a US tariff of 19%. This rate is lower than had previously been threatened.
Factbox-Agreements Between US, Indonesian Firms in Leadup to Trade Deal
The deal includes increased Indonesian purchases of U.S. airplane, energy and farm products to help offset the nearly $18 billion trade balance in favour of Jakarta. Here is what we know about the deal so far: Trump said that the deal includes Indonesia purchasing $15 billion worth of U.
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