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<\/p>\nUS\u00a0trade agreement reached with Indonesia in July is at risk of collapsing because Jakarta has backtracked on several commitments it made as part of the deal, a US\u00a0official said on Tuesday.<\/p>\n
“They’re reneging on what we agreed to in July,” said the official, who spoke on condition of anonymity, giving no details about which specific commitments Indonesia was now questioning.<\/p>\n
The two countries in July said Indonesia agreed to eliminate tariffs on more than 99 percent\u00a0of US\u00a0goods and scrap all non-tariff barriers facing American firms, while the US\u00a0will drop threatened tariffs on Indonesian products to 19 percent\u00a0from 32 percent.<\/p>\n
US\u00a0President Donald Trump first announced the deal on July 15, calling it “a huge win for our Automakers, Tech Companies, Workers, Farmers, Ranchers, and Manufacturers.”<\/p>\n
But Indonesian officials have told US\u00a0Trade Representative Jamieson Greer that Jakarta cannot agree to some binding commitments and wants to reframe them, the official said.<\/p>\n
US\u00a0officials believe that would lead to worse agreements for the United States than recent deals it has struck with two other Southeast Asian countries, Malaysia and Cambodia, the official said, confirming details first reported earlier on Tuesday by the Financial Times.<\/p>\n
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