Indonesia Trade Deal Approved

The U.S. and Indonesia have reached a reciprocal trade agreement. Indonesia will eliminate tariffs for 99 percent of American products, while the United States will maintain tariffs on most Indonesian imports at 19 percent. The $38.4 million deal also includes commitments by Indonesian companies to purchase 1.6 million tons of corn and 1 million tons of soybeans. They also pledged to buy up to 5 million tons of U.S. wheat by 2030. Indonesia is the largest economy in Southeast Asia.