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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The death toll from Sunday’s powerful earthquake in eastern Afghanistan has risen above 2,200, with search and rescue operations ongoing. Local officials warn that many people remain trapped under rubble, and the number of fatalities is likely to climb further.
Colton Herta, nine-time IndyCar race winner, is set to compete in Formula Two next year while also taking on a test driver role for Cadillac.
The Federal Aviation Administration (FAA) has announced plans to propose updates to the certification process for new commercial aircraft, according to a notice released by the Trump administration on Thursday.
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Thailand’s royal authority has blocked a move by acting Prime Minister Phumtham Wechayachai to dissolve parliament and call snap elections, citing legal concerns over his authority to submit such a request, local media reported on Wednesday.
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The death toll from Sunday’s powerful earthquake in eastern Afghanistan has risen above 2,200, with search and rescue operations ongoing. Local officials warn that many people remain trapped under rubble, and the number of fatalities is likely to climb further.
Colton Herta, nine-time IndyCar race winner, is set to compete in Formula Two next year while also taking on a test driver role for Cadillac.
The Federal Aviation Administration (FAA) has announced plans to propose updates to the certification process for new commercial aircraft, according to a notice released by the Trump administration on Thursday.
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