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Indonesia says US trade deal reached after ‘extraordinary struggle’
Indonesia says it has reached a trade deal with the United States after an "extraordinary struggle" in negotiations which resulted in a reduction of proposed US tariff rates on the South-East Asian country's exports to 19% from 32%.
President Trump said the agreement would partly walk back some of the steep tariffs he threatened on the country last week.
Companies there are accused of dumping cheap goods on the market to undercut new US factories. Read more at straitstimes.com.
Indonesia’s recent agreements with the Western superpower and the European bloc could set the path for other nations seeking similar arrangements. But experts warn against potential pitfalls and ...
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