India, July 23 -- President Donald Trump has announced a reciprocal trade deal with Indonesia that will provide Americans with market access in Indonesia, and unlock major breakthroughs for US manufacturing, agriculture, and digital sectors.
Under this deal, Indonesia will pay the United States a reciprocal tariff rate of 19 percent.
The key terms of the U.S.-Indonesia Agreement on Reciprocal Trade will include eliminating tariff barriers, breaking down non-tariff barriers for U.S. industrial and agriculture exports, and improving Labor Standards.
Under the deal, Indonesia will eliminate tariff barriers, on a preferential basis, on more than 99 percent of U.S. products exported to Indonesia across all sectors, including for all agricultu...