Overview

• Under the agreement, Indonesian exports to the United States will face a 19 percent tariff instead of the previously threatened 32 percent.
• U.S. goods will enter Indonesia without tariff or non-tariff barriers under the new pact.
• Indonesia has pledged to purchase $15 billion in American energy products, $4.5 billion in agricultural goods and 50 Boeing jets.
• A formal joint statement is being prepared to specify when the tariff level takes effect and to outline the reciprocal trade arrangements.
• The deal follows framework agreements with the U.K., Vietnam and China as the administration races to secure bilateral pacts before August 1.