Chairperson of the National Economic Council (DEN) Luhut Binsar Pandjaitan responded to the decision of the President of the United States of America, Donald Trump, who lowered import tariffs from 32 percent to 19 percent for Indonesian export products.

Indonesia sees securing a 19% tariff rate with the US as a “huge win” for some of the Southeast Asian nation’s most labor-intensive sectors such as garments and footwear, a government adviser said Wednesday.

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.

Indonesia’s president confirmed he struck a tariff deal with the US after direct negotiations with President Donald Trump accelerated months of talks between officials of both countries.