Indonesia has agreed to eliminate tariffs on more than 99% of U.S. goods and scrap all non-tariff barriers facing American firms, while the U.S. will drop threatened tariffs on Indonesian products to 19% from 32%,

JAKARTA -- The U.S. has unveiled details of its trade deal with Indonesia under which Jakarta has committed to slash nearly all tariffs on American imports and Washington will cut its threatened 32% "reciprocal" tariff on Indonesia to 19%, paving the way for a comprehensive expansion of market access across the two economies.

Indonesia will remove restrictions on its critical-mineral exports to the US as part of the countries’ new tariff agreement, the White House revealed Tuesday.