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Trump Details Trade Agreement with Indonesia

INDONESIA, JUL 21 – The trade agreement removes nearly all Indonesian tariffs on U.S. goods and limits U.S. tariffs on Indonesian exports to 19% through 2029, enhancing supply chain resilience.

  • On April 2, 2025, the United States and Indonesia announced a bilateral trade deal eliminating tariffs on over 99% of U.S. goods entering Indonesia.
  • This deal follows prior U.S. tariff threats and aims to address longstanding non-tariff barriers that have hindered trade and investment between the two countries.
  • Indonesia agreed to eliminate pre-shipment inspections on U.S. exports, support the extension of the WTO’s moratorium on e-commerce tariffs, participate in international efforts to address steel overproduction, and waive local content requirements for U.S. products.
  • President Trump called the agreement a "huge win," while GM CEO Mary Barra highlighted a $4 billion investment to greatly reduce tariff exposure amid recent profit hits from tariffs.
  • The deal is anticipated to revive U.S. agricultural surpluses, deepen economic and security collaboration, and provide exporters from both nations with significantly expanded opportunities in each other’s markets.
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Indonesia will eliminate tariffs on more than 99 percent of its trade with the United States, as well as all non-tariff charges on all American goods, Reuters reported last night, citing an unnamed official in the administration of US President Donald Trump.

·Belgrade, Serbia
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The U.S.-Indonesia tariff agreement will reduce restrictions on critical mineral exports from the Southeast Asian country to U.S. soil, the White House said on Tuesday, July 22.President Donald Trump celebrated a “great victory” for businesses.The agreement, announced last week, significantly reduced the prospect of U.S. tariffs on Indonesian products from 32% to 19%.However, goods deemed to be transhipped in third countries to avoid the tax bur…

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Project Syndicate broke the news in on Monday, July 21, 2025.
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