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

Indonesia says it has reached a trade deal with the United States after an "extraordinary struggle" in negotiations which resulted in a reduction of proposed US tariff rates on the South-East Asian country's exports to 19% from 32%.

President Trump announced Tuesday that he has a preliminary trade deal with Indonesia after threatening a 32% tariff on the world’s fourth-most-populous nation.

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.

Trump recently cut import tariffs on Indonesian goods from 32 to 19 percent, but experts say the move still disadvantages Indonesia. Why?

Indonesia's central bank cut rates on Wednesday 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.

The tariff would be collected from miners only when coal prices are high, with authorities potentially including it in the 2026 budget plan.