President Trump said the agreement would partly walk back some of the steep tariffs he threatened on the country last week. Indonesia’s president called Mr. Trump a “tough negotiator.”

JAKARTA (July 16): Indonesia’s president on Wednesday hailed a “new era” of trade relations with the United States, after Donald Trump said he would slash tariffs faced by Southeast Asia’s biggest economy from 32 per cent to 19 per cent. The Trump administration has been under pressure to wrap up trade pacts after promising aRead More

Indonesia's leader on Wednesday hailed a "new era" of trade relations with the United States, after Donald Trump said he slashed the tariff rate faced by Southeast Asia's biggest economy from 32 percent to 19 percent.

Under the deal with Jakarta, there will be a 19 per cent tariff on imports into the US, but none on exports from the US to Indonesia, he told reporters in Washington on Tuesday

The European Union is racing to clinch an agreement with the Americans before tariffs kick in on Aug. 1, even as President Trump has signaled he is in no rush.

President Donald Trump has indicated that the ongoing negotiations between India and the US for a much-anticipated interim trade deal are on track and it could be sealed soon.

Trump in a Truth Social post called it "great deal, for everybody," and said it followed direct dealings with Indonesian President Prabowo Subianto.