00:00Now closer to ASEAN, Indonesia has agreed to remove tariffs on more than 99% of US goods
00:06exported to the country. In return, the US will lower its tariffs on Indonesian products
00:11from 32% to 19%. Jakarta has also committed to scrapping all non-tariff barriers faced
00:19by American firms. It will also drop data tariffs, ease export restrictions, and accept
00:25US vehicle safety standards. The deal is seen as a win for American agriculture, automotive,
00:31and tech industries by reopening market access and reducing trade friction. The full terms
00:37of the deal, which was first announced on July 15, is expected to be finalized soon. Indonesia
00:43is one of four countries that have struck interim trade deals with the Trump administration
00:48alongside Japan, Vietnam, and the UK.
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