Indonesia on Wednesday said that it had reached a trade deal with the United States after an “extraordinary struggle” in negotiations that resulted in a reduction of proposed US tariff rates on the Southeast Asian country’s exports to 19 percent from 32 percent.

While Indonesia’s exports to the US will face a lower 19 per cent tariff, its farming sector could be adversely affected, analysts say.

Indonesia’s recent agreements with the Western superpower and the European bloc could set the path for other nations seeking similar arrangements. But experts warn against potential pitfalls and sacrificing domestic interests.

Trade Minister Budi Santoso stated that Indonesia faces the lowest United States (US) import tariff among Southeast Asian (ASEAN) countries. “In

The United States is stepping up its trade actions again. President Donald Trump announced a new trade agreement with Indonesia that includes a 19% tariff on all goods coming into the U.S. from the Southeast Asian country.

Goods sent from the country to the U.S. will be tariffed at a rate of 19% under a deal reached Tuesday morning, President Donald Trump said on social media.

Five months after a Boeing Co. 737 Max aircraft operated by Lion Air crashed into the Java Sea in 2018, Indonesian flag carrier PT Garuda Indonesia tried to cancel its remaining order for the same model.