The United States and Indonesia have reached a major trade agreement that will eliminate tariffs on over 99% of U.S. goods exported to Indonesia and remove most non-tariff barriers, significantly boosting American access to the Indonesian market. In return, Indonesia will face a 19% tariff on its exports to the U.S.—lower than the previously threatened 32%—and will lift restrictions on critical mineral exports, benefiting U.S. industries. The deal also includes large Indonesian purchases of U.S. agricultural products and Boeing jets, with the White House touting at least $50 billion in new market access for American businesses. While U.S. officials and industry groups have praised the agreement as a 'huge win,' some critics warn it may heavily favor American interests and set a precedent for future U.S. trade negotiations. The agreement is expected to have wide-ranging impacts on sectors from agriculture and technology to tourism and minerals.
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