Indonesia, Trade Agreement
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Indonesia secures a 19 percent US tariff rate which is the lowest in ASEAN boosting export competitiveness while committing to enforcement.
President Donald Trump said Tuesday the United States has reached a trade agreement with Indonesia. Getting to that was a grueling process, Indonesia’s President Prabowo Subianto said Wednesday.
The country has presented the deal as an honorable outcome, while further diversifying its economic and strategic partnerships with the rest of the world.
Asia-Pacific markets fell after U.S. President Donald Trump said Tuesday that he had reached a preliminary trade agreement with Indonesia.
Indonesia’s president said he struck a 19% tariff deal with US President Donald Trump, the first confirmation of the key agreement detail after months of talks between the countries.