President Donald Trump has announced a reciprocal trade deal with Indonesia that will provide Americans with market access in Indonesia, and unlock major breakthroughs for US manufacturing, agriculture, and digital sectors.
Under this deal, Indonesia will pay the United States a reciprocal tariff rate of 19 percent.
The key terms of the U.S.-Indonesia Agreement on Reciprocal Trade will include eliminating tariff barriers, breaking down non-tariff barriers for U.S. industrial and agriculture exports, and improving Labor Standards.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.