US Deal May Boost Indonesian Assets in Near Term: Analysts (1)

Indonesian assets will get a boost from a positive sentiment stemming from a trade deal reached with the US, according to analysts.

The Southeast Asian country secured a 19% tariff, lower than the 32% President Donald Trump threatened earlier, while US exports will not be taxed.

The deal came after months of negotiations where the Indonesian government proposed near-zero tariffs on about 70% of US imports, as well as business deals in critical minerals, energy, agriculture and defense. Trump said on his social media post later that Indonesia also agreed to purchase $15 billion in US energy, $4.5 billion of ...