WASHINGTON (Feb 19): Indonesian and US companies on Wednesday signed trade and investment deals valued at more than US$7 billion a day ahead of Indonesian President Prabowo Subianto's meeting with US President Donald Trump to sign a final trade deal, the US-Asean Business Council said. It added that Indonesia will buy one million tons of wheat this year and up to five million tons by 2030. Not all of the deals were given price tags, and these included Indonesian purchases of US lumber and furniture products. In remarks to the dinner, Deputy US Trade Representative Rick Switzer did not mention the final tariff rate for Indonesia, but said the Agreement on Reciprocal Trade between the two democracies "will mean more trade — bilateral trade. It'll mean deeper, more comprehensive economic, investment and trade ties."

Source: The Edge Markets February 19, 2026 03:17 UTC