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.

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.

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.

Indonesia will sign a pact worth $34 billion with business partners next week to boost purchases from the U.S., as part of efforts to strike a trade deal with Washington ahead of the July 9 deadline,