Trump announces Indonesia trade deal that cuts tariffs, non-tariff barriers

By Michael Hernandez

WASHINGTON (AA) - US President Donald Trump announced Tuesday the finalization of a "framework" trade agreement with Indonesia that he said will eliminate 99% of the tariffs imposed on US exports to the island nation.

"It is agreed that Indonesia will be Open Market to American Industrial and Tech Products, and Agricultural Goods, by eliminating 99% of their Tariff Barriers. The United States of America will now sell American Made products to Indonesia at a Tariff Rate of ZERO, while Indonesia will pay 19% on all of their products coming into the U.S.A.," Trump wrote on social media.

"In addition, Indonesia will supply the United States with their precious Critical Minerals, as well as sign BIG Deals, worth Tens of Billions of Dollars, to purchase Boeing Aircraft, American Farm products, and American Energy. This Deal is a HUGE WIN for our Automakers, Tech Companies, Workers, Farmers, Ranchers, and Manufacturers," Trump added.

His senior officials earlier Tuesday described the agreement as a "framework" that they said "shows exactly how the President is resetting the terms of trade to ensure that we can reduce our deficit, both by regulating imports and also expanding exports."