Indonesia to drop trade barriers in new deal, U.S. to take expansive view of transshipment

Editor's note: This story has been updated to include more details released by the Trump administration. Indonesia has agreed to drop tariffs on 99 percent of U.S. imports and eliminate all non-trade barriers, a senior U.S. administration official said on Tuesday, disclosing some details of a trade deal between Washington and Jakarta that President Trump announced last week. In return, the U.S. will levy 19 percent tariffs on Indonesian products, down from the 32 percent rate Trump announced earlier...