WASHINGTON/JAKARTA — U.S. President Donald Trump said on Tuesday that he had agreed to a trade deal with his Indonesian counterpart, Prabowo Subianto, that would see the “reciprocal” tariff rate on Southeast Asia’s largest economy drop from the previously threatened 32% to 19%.
In return, Indonesia committed to buying $15 billion worth of U.S. energy, $4.5 billion of American agricultural products and 50 Boeing jets, “many of them 777’s,” Trump announced on social media. He also claimed that American exports to Indonesia will be free of both tariffs and nontariff barriers, a measure that sparked concern among Jakarta-based analysts.
