Overview

• The United States and Indonesia agreed to impose a flat 19 percent tariff on Indonesian exports, down from a threatened 32 percent rate set to take effect August 1.
• American goods will enter Indonesia free of tariffs and non-tariff barriers, granting full access to a $40 billion market.
• Indonesia pledged to buy $15 billion in US energy products, $4.5 billion in agricultural goods and 50 Boeing jets under the pact.
• The European Commission has prepared a second package of retaliatory duties targeting €72 billion of US imports, including aircraft, cars and spirits.
• Brussels postponed an initial €21 billion tariff package until August 6 to allow more time for trade talks with Washington.