Indonesia’s president reaches a trade deal with US while in Washington for Trump’s Board of Peace

WASHINGTON: The White House announced a reciprocal trade agreement with Indonesia on Thursday while President Prabowo Subianto was in Washington to attend the first meeting of President Donald Trump’s Board of Peace. Under the agreement, Southeast Asia’s largest economy will eliminate tariffs for 99 percent of American goods while the US will maintain tariffs on most Indonesian goods at 19 percent, the White House said. That is the same rate the US has set for Cambodia and Malaysia.

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