Indonesia, Trade Agreement
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The president told reporters Indonesia had agreed to a 19 percent tariff rate on its exports to the U.S. The Indonesian government has yet to confirm the details of the deal.
The country has presented the deal as an honorable outcome, while further diversifying its economic and strategic partnerships with the rest of the world.
The reciprocal tariff agreement between the US and Indonesia could lead to a trade imbalance and a deficit in the balance of payments.