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%,

Indonesia initially agreed to drop its tariffs on U.S. exports to zero percent when Trump teased the agreement last week. In return, Trump lowered his “Liberation Day” tariffs against Indonesia to 19% after it was previously targeted for 32% tariffs.