US and Indonesia reach trade agreement and issue joint statement!
President of the United States announced last week that he would reach a trade agreement with Indonesia, and on Tuesday, a joint statement issued by the US and Indonesia revealed more details of the trade agreement.
President of the United States posted on Truth Social: "I am very honored to announce that we have a trade agreement with Indonesia, represented by their respected President Prabowo Subianto."
Indonesia agreed to revise its non-tariff trade barriers, including abolishing taxes on digital service revenues; abolishing pre-shipment inspection or verification requirements for American goods, etc.
The White House believes these regulations are particularly troublesome for American farmers' exported products, and abolishing them will help open up the market for them.
In addition, Indonesia agreed to accept U.S. federal motor vehicle safety standards and abolish export restrictions on critical minerals.
According to the agreement, the U.S. will impose a 19% import tax on Indonesian goods, whereas in April, the U.S. had announced that Indonesia faced a 32% import tax.
Original text: https://www.toutiao.com/article/1838381880960012/
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