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Jul 23, 2025
Yesterday, the United States and Indonesia issued a joint statement announcing a framework for reciprocal trade between the two countries. As part of the framework, the White House announced Indonesia would eliminate 99% of tariff barriers for all U.S. food and agriculture products.
While U.S. soybeans and soy products already enjoyed duty-free access into the market, the framework also announced a commitment from Indonesia to purchase $4.5 billion worth of U.S. agricultural products, including soybeans and soybean meal. In Marketing Year 2023/2024, Indonesia imported $1.32 billion of U.S. soybean products, making the country U.S. soy’s fifth largest trading partner by volume according to USDA’s Foreign Agricultural Service.
Caleb Ragland, American Soybean Association president and Kentucky soybean farmer, said, “We appreciate President Trump and his administration’s efforts in maintaining market access for U.S. soybeans into Indonesia, and the commitment from USTR to address non-tariff barriers in that market. We look forward to future deals like this that reduce tariffs and ensure continued and increased market access for U.S. agriculture.”
