Indonesia and the U.S. have sealed a sweeping trade agreement that slashes tariffs, lifts digital restrictions, and removes key export barriers, marking a major win for American exporters and automakers.
Indonesia will eliminate tariffs on more than 99% of its trade with the United States and scrap all non-tariff barriers for American goods, according to a senior Trump administration official.
The deal, announced on 15 July and detailed Tuesday, also reduces planned U.S. tariffs on Indonesian products from 32% to 19%.
As part of the agreement, Indonesia will abandon its plans to impose tariffs on internet data flows and support the extension of a global moratorium on e-commerce duties under the World Trade Organization.
Additionally, the country will revoke recent pre-shipment inspection rules that disrupted U.S. agricultural exports and contributed to a rising U.S. farm trade deficit.
The deal is seen as a significant boost for U.S. automakers, with Indonesia agreeing to recognize U.S. Federal Motor Vehicle Safety Standards for vehicles exported to its market of 280 million people.
It also includes the removal of export restrictions on critical minerals and local content rules affecting goods shipped to the U.S.
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Greek Prime Minister Kyriakos Mitsotakis reshuffled his cabinet on Friday (3 April) in a bid to contain a growing scandal over the alleged fraudulent use of European Union farm subsidies.
One crew member from a U.S. warplane shot down over Iran has been rescued, U.S. officials said, as a search continues for a second crew member.
Afghanistan’s Ministry of Foreign Affairs says it has sent a mid-level delegation to China for formal talks with Pakistan, as both sides meet in Urumqi amid efforts by Beijing to ease tensions between the neighbours.
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Four astronauts blasted off from Florida on Wednesday on NASA's Artemis II mission, a high-stakes voyage around the moon that marks the United States' boldest step yet toward returning humans to the lunar surface later this decade in a race with China.
An earthquake of magnitude 7.6 struck in Indonesia's Northern Molucca Sea on Thursday, killing one person, damaging some buildings and triggering tsunami waves, authorities and witnesses said.
President Donald Trump staunchly defended his handling of the month-old U.S.-Israeli war on Iran in a prime-time address on Wednesday, saying the U.S. military was nearing completion of its mission while also reinforcing his threats to bomb the Islamic Republic back to the Stone Age.
One U.S. crew member has been rescued after Iran downed a warplane, while the search continues for a second. At the same time, Iran has officially told mediators it will not meet U.S. officials in Islamabad in the coming days, calling U.S. demands unacceptable, according to The Wall Street Journal.
Greek Prime Minister Kyriakos Mitsotakis reshuffled his cabinet on Friday (3 April) in a bid to contain a growing scandal over the alleged fraudulent use of European Union farm subsidies.
One crew member from a U.S. warplane shot down over Iran has been rescued, U.S. officials said, as a search continues for a second crew member.
Across China, people are taking part in a wide range of activities to honour fallen heroes ahead of the Qingming Festival, a traditional time for remembrance and paying respect to the deceased.
France and South Korea have agreed to strengthen defence ties and energy security cooperation following a two-day visit by French President Emmanuel Macron to Seoul.
In a highly unusual move highlighting shifting narcotics diplomacy, the U.S. has handed over a Chinese fugitive accused of serious drug crimes to authorities in Beijing.
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