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%,

The administration provided some insight into the terms that were agreed upon between Indonesia and the United States, hinting at how other vague and hastily negotiated deals may turn out.

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.