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US trade deals with Japan, Indonesia hold lessons for India
The Morning Standard
|July 24, 2025
As India continues to negotiate a potential trade agreement with the United States, Washington's latest deals with Japan and Indonesia offer both valuable lessons and cautionary signals.
On Tuesday, the US announced separate trade pacts with the two Asian economies. Under the agreement with Japan, the US will impose a 15% tariff on Japanese imports, lower than the initially proposed 25%. In return, Japan has agreed to grant tariff-free access to US farm products and commit a significant investment of $550 billion in the US economy.
Indonesia has secured a reduction in US tariffs to 19% from a proposed 40%. In exchange, Jakarta will eliminate tariffs on 99% of US exports, effectively opening its market to a wide range of American industrial, tech, and agricultural goods.
Dit verhaal komt uit de July 24, 2025-editie van The Morning Standard.
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