Indonesia gave up far more than it gained, removing 99% of its tariffs on US goods, and weakening important rules that protected its industries, the GTRI said.

Indonesia has agreed to eliminate tariffs on more than 99% of U.S. goods and scrap all non-tariff barriers facing American firms, while the U.S. will drop threatened tariffs on Indonesian products to 19% from 32%,

President Donald Trump announced a landmark trade agreement with Indonesia that will unlock breakthroughs for America’s manufacturing, agriculture, and digital sectors, according to the White House.

The administration provided some insight into the terms that were agreed upon between Indonesia and the United States, hinting at how other vague and hastily negotiated deals may turn out.

In the statement, the U.S. emphasized that both countries will finalize commitments to digital trade, services, and investment. " Indonesia will provide certainty regarding the ability to transfer personal data out of its territory to the United States ," the U.S. government wrote in a whitehouse.gov page quoted on Wednesday, July 23, 2025.

United States and Indonesia have agreed on a new trade deal that will reduce tariffs and allow more American goods into the Southeast Asian country. The White House said that Indonesia will also ease its export restrictions on critical minerals like nickel,

The Trump administration expects that Indonesia’s decision to bring down trade barriers will result in at least $50 billion in additional market access for US goods.

Asia trade deals boost market growth and investor confidence. Read more on how these agreements impact the U.S.

Indonesia will remove restrictions on its critical-mineral exports to the US as part of the countries’ new tariff agreement, the White House revealed Tuesday.

The Global Trade Research Initiative (GTRI) warns India against replicating the US-Indonesia trade deal, which heavily favors the US by granting acces

Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by Reuters.