President Donald Trump's administration and the Indonesian government say they have finalised an agreement to lower US tariffs on the South East Asian country to 19% from 32%, BBC reported. 

Under the deal, Indonesia will cut trade barriers on more than 99% of US imports and facilitate more than $30bn (£22.3bn) of purchases of American goods, the White House said on Thursday.

Washington said it granted tariff exemptions on some Indonesian goods, including certain clothing and textiles that are produced with cotton and man-made materials from the US, according to BBC.