In his initial announcement of the deal on Truth Social on Tuesday, Trump said Indonesia had agreed to buy $15bn of US energy exports, $4.5bn of US agricultural products, and 50 Boeing jets. Trump said later on Tuesday that the US exporters would have “full access to everything” and pay no tariffs.

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.

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

Donald Trump announced that Indonesia has also committed to purchasing $15 billion in US energy and $4.5 billion in American agricultural products.

Indonesia's president on Wednesday hailed a "new era" of trade relations with the United States, after Donald Trump said he would slash tariffs faced by Southeast Asia's biggest economy from 32 per cent to 19 per cent.

Trump announces a 19 percent import tariff for Indonesia to the US. In return, the US will export various energy, agricultural, and Boeing 777 products to Indonesia.

Indonesia's meeting with United States representatives in Washington on the looming tariffs went "positively", its chief negotiator said on Thursday, with both countries exploring a wider partnership in the critical minerals sector.