Indonesia and the United States have finalized a trade agreement that will cut U.S. reciprocal tariffs on Indonesian imports to 19 percent and exempt certain products from tariffs, the White House said on Feb. 19.
U.S. President Donald Trump had initially imposed a 32 percent reciprocal tariff on imports from Indonesia to address the trade deficit, which totaled $23.7 billion last year.
The White House said on Feb. 19 that the two nations have now secured a “great deal” that will strengthen their economic security and promote growth.
Under the agreement, the United States will allow certain textile and apparel imports from Indonesia made with U.S. cotton and man-made fiber textile inputs to enter tariff-free, according to a White House fact sheet….
Indonesia Secures Trade Deal With US, Finalizing 19 Percent Tariff Rate
