Overview
- Senior Economic Minister Airlangga Hartarto said all substantial issues were resolved after a meeting with U.S. Trade Representative Jamieson Greer in Washington.
- The United States has agreed, according to Indonesia’s negotiator, to exempt tariffs on palm oil, coffee and tea, a key win for a top global palm oil exporter.
- Hartarto said the U.S. sought access to Indonesia’s critical minerals as part of the agreement.
- Indonesia’s Prabowo Subianto and U.S. President Donald Trump could sign the deal in late January, though the agreement has not yet been formally executed.
- A July framework envisioned Indonesia scrapping tariffs on more than 99% of U.S. goods and buying about $19 billion in American products, including 50 Boeing jets.