US EditionIndonesian leader signs trade deal with Trump while in Washington for the Board of Peace
The deal reduces U.S. tariffs on Indonesian imports to 19%, includes $38.4 billion in commercial agreements, and aims to boost economic growth and secure critical mineral supplies, White House said.
- On Thursday, Indonesian President Prabowo Subianto signed a reciprocal trade agreement with U.S. President Donald Trump in Washington at the inaugural Trump-led Board of Peace.
- Months-Long tariff talks had stalled over defining transshipped Chinese goods and a framework last summer set the U.S. tariff on Indonesian goods at 19%.
- Indonesian and U.S. firms struck 11 deals worth $38.4 billion, including purchases of 1 million tons of soybeans, 1.6 million tons of corn, 93,000 tons of cotton and a pledge for 5 million tons of U.S. wheat by 2030.
- Prabowo reiterated Indonesia's pledge to send 8,000 troops to the International Stabilization Force in Gaza, with 1,000 troops ready by April and the remainder arriving in June.
- Amid U.S.-China competition, Prabowo framed Indonesia as a `bridge` and `honest broker` while leaders from more than 20 nations prepare to pledge more than $5 billion for Gaza reconstruction.
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76 Articles
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GREEN BAY, Wis. —Edge Dairy Farmer Cooperative, one of the largest dairy cooperatives in the country based on milk volume, commends the administration’s signing of a new Agreement on Reciprocal Trade with Indonesia. “The recent signing of the agreement with...
Indonesia’s president reaches a trade deal with U.S. while in Washington for Trump’s Board of Peace
WASHINGTON — The White House announced a reciprocal trade agreement with Indonesia on Thursday while President Prabowo Subianto was in Washington to attend the first meeting of President Donald Trump’s Board of Peace. Read more...
The Indonesian and US governments have signed a reciprocal tariff trade agreement. This agreement aims to improve bilateral relations and economic security.
Indonesia Secures Trade Deal With US, Finalizing 19 Percent Tariff Rate
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 n…
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