Indonesia Sees ‘Bold’ US Trade Deal, Vows Major Tariff Cuts (1)

Indonesia is confident it is close to securing a “bold” trade deal with the US that will span critical minerals, energy, defense cooperation and market access ahead of the looming tariff deadline, according to the nation’s chief negotiator.

The government commits to a near-zero tariff for over 1,700 commodities or close to 70% of US imports, Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto said in a statement sent to Bloomberg News on Friday. These cover key sectors requested by the US, including electronics, machinery, chemicals, healthcare, steel, agriculture and automotive.

The sweeping deal could signal optimism as Southeast Asia’s ...