The United States is stepping up its trade actions again. President Donald Trump announced a new trade agreement with Indonesia that includes a 19% tariff on all goods coming into the U.S. from the Southeast Asian country.

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.

While Indonesia’s exports to the US will face a lower 19 per cent tariff, its farming sector could be adversely affected, analysts say.

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

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.

Five months after a Boeing Co. 737 Max aircraft operated by Lion Air crashed into the Java Sea in 2018, Indonesian flag carrier PT Garuda Indonesia tried to cancel its remaining order for the same model.