Indonesia will pay a 19% tariff on U.S. imports as part of a trade deal struck between it and the United States, according to President Donald Trump. Trump told reporters as he was departing the White House for Pittsburgh on Tuesday that U.

President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in a lower US tariff on the country's goods than earlier threatened, alongside better market access. India basically is working along that same line,

Financial markets greeted US President Donald Trump’s tariff deal with Indonesia with little fanfare Wednesday, signaling the rate of around 20% that was once viewed as punitive is now seen as workable.

European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.

The government will execute gas and oil imports only if negotiations between Indonesia and U.S. results in lowered tariffs.