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.

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 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.

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

JAKARTA: Indonesia's central bank cut rates on Wednesday (Jul 16) for the fourth time since September and said a revised tariff deal with the United States was positive for Southeast Asia's biggest economy amid weakening global trade and slowing domestic demand.

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.