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%,

JAKARTA -- The U.S. has unveiled details of its trade deal with Indonesia under which Jakarta has committed to slash nearly all tariffs on American imports and Washington will cut its threatened 32% "reciprocal" tariff on Indonesia to 19%, paving the way for a comprehensive expansion of market access across the two economies.

US President Donald Trump announced a trade deal with Indonesia on Tuesday, saying it agreed to pay a 19 per cent tariff on its exports and pledged to buy American goods. In a post on his Truth Social platform, Mr Trump said Indonesia would supply the US with critical minerals and planned to purchase Boeing aircraft and farming products.