WSJ：
The details: The vast majority of U.S. exports to Indonesia will face zero tariffs, senior administration officials told reporters, with 99% of trade from the U.S. getting tariff-free treatment.
The U.S. will levy 19% tariffs on Indonesian goods entering the U.S. under the deal, lower than the 32% tariff Trump threatened in his April 2 “Liberation Day” announcement. However, goods from Indonesia that contain a large amount of content from other nations, particularly China, will face tariffs at a higher rate of 40%.
In return, Trump officials said Indonesia will reduce several so-called nontariff barriers to U.S. goods. That includes accepting U.S. safety regulations for automobiles, medical devices and pharmaceuticals, eliminating preshipment inspections for agricultural goods, and removing export controls on rare-earth minerals. The government in Jakarta will also drop plans to tax cross-border data flows, a key request of U.S. tech firms. All told, the deal is worth about $50 billion in new market access and purchases of U.S. commodities, one senior administration official told reporters.
The context: The Indonesia deal is the first trade framework publicly released since the U.S. and U.K. unveiled a similar document in May. By contrast, the administration still hasn’t released details of its announced deals with Vietnam and the Philippines, or the tariff truce it reached with China.
What’s Next: Key details of the Indonesia deal remain unresolved, particularly around how goods would qualify for the 19% or 40% tariff rates.
