Companies there are accused of dumping cheap goods on the market to undercut new US factories. Read more at straitstimes.com. Read more at straitstimes.com.

US President Donald Trump has announced that the US has struck a new trade agreement with Indonesia, which includes the sale of 50 Boeing jets.

The uncertainties triggered by the US' tariff threats could cause some countries to rush into deals at the expense of domestic interests, experts told CNA.

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.

President Donald Trump said Tuesday the United States has reached a trade agreement with Indonesia. Getting to that was a grueling process, Indonesia’s President Prabowo Subianto said Wednesday.

The reciprocal tariff agreement between the US and Indonesia could lead to a trade imbalance and a deficit in the balance of payments.

Indonesia will reject transshipments from other countries and remains committed to its new trade agreement with the United States, Trade Minister Budi Santoso

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

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