In a series of announcements, U.S. President Donald Trump declared a new trade deal with Indonesia, featuring a 19% tariff on goods imported from the Southeast Asian nation. Although specifics of the agreement remain unclear, Trump highlighted that this deal would involve Indonesia purchasing $15 billion in U.S. energy. Furthermore, Trump previously threatened tariffs as high as 32%, suggesting the new agreement could be seen as a concession. Indonesia’s government has yet to officially confirm the details of the trade deal, and concerns have been raised regarding potential retaliatory measures from the European Union.