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2026-02-20 08:48:45
[Indonesia and the United States Sign Reciprocal Trade Agreement; US Eliminates Tariffs on Many Indonesian Agricultural Products] (1) According to the Wall Street Journal, Indonesia and the United States signed a reciprocal trade agreement on Thursday. Under the agreement, the United States will eliminate tariffs on many Indonesian food and agricultural products. The specific details are as follows: (2) The United States will maintain a 19% tariff on most Indonesian products, but will provide duty-free access for major Indonesian exports such as coconut oil and palm oil. (3) Indonesia will eliminate tariffs on most U.S. goods and accept the rules and regulations set by the United States for many goods. Several months ago, Trump posted that the framework of the agreement was reached last July. Data shows that the trade volume between the United States and Indonesia in 2024 is about $38 billion, with Indonesia's exports to the United States mainly consisting of agricultural products and electronic products.
