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Trump and Subianto Finalize $38.4B Trade Agreements

2/20/2026

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Story summary
  • U.S. President Donald Trump and Indonesian President Prabowo Subianto seek to finalize a trade pact cutting tariffs from 19% to 18%.
  • February 18, Indonesia and U.S. companies signed 11 agreements worth 38.4 billion dollars in mining, energy, and agribusiness.
  • Key deals include a memorandum for critical minerals cooperation and a semiconductor joint venture.
  • The U.S.-ASEAN Business Council projects Indonesian agricultural imports from the United States could reach volumes by 2030.