The countries expect to have reached an agreement within two months, according to Airlangga Hartarto, minister within the finance department, who recently had meetings with, among others, the US finance minister Scott Bessent and trade minister Howard Lutnick.
Indonesia will buy more energy from the USA, including LPG (liquid petroleum gas), crude oil, and gasoline, says Airlangga during a digital press conference in Washington.
Indonesia also plans to buy agricultural products from the USA, such as wheat, soybeans, and soy milk.
The US President Donald Trump issued trade tariffs of 32 percent against Indonesia at the beginning of April. The tariffs, which were among the highest in Asia, are however subject to the 90-day pause that the president announced shortly thereafter to allow for negotiations.
