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.

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

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.

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.

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.

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

JAKARTA (Reuters) - Indonesia said on Wednesday it had reached a trade deal with the United States after an "extraordinary struggle" in negotiations which resulted in a reduction of proposed U.S. tariff rates on the Southeast Asian country's exports to 19% from 32%.