The United States and Indonesia have reached a major trade agreement that will eliminate tariffs on over 99% of U.S. goods and remove most non-tariff barriers, significantly boosting American exports, especially in agriculture and critical minerals. Indonesia will also lift restrictions on critical mineral exports and commit to large purchases of U.S. products, including agricultural commodities and Boeing jets. In exchange, the U.S. will impose a 19% tariff on Indonesian goods—lower than the previously threatened 32%—while Indonesia agrees to regulatory reforms benefiting U.S. tech and industrial sectors. The deal is expected to unlock at least $50 billion in new market access for U.S. businesses. While the White House touts this as a huge win, some critics warn the agreement heavily favors U.S. interests and could impact Indonesia's domestic industries.
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