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.

President Trump said the agreement would partly walk back some of the steep tariffs he threatened on the country last week. Indonesia’s president called Mr. Trump a “tough negotiator.”

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.

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

Indonesia on Wednesday said that it had reached a trade deal with the United States after an “extraordinary struggle” in negotiations that resulted in a reduction of proposed US tariff rates on the Southeast Asian country’s exports to 19 percent from 32 percent.

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.

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.