Details are still scarce on the agreement, which the president said will partly walk back some of the steep tariffs he threatened on the country last week.

In his initial announcement of the deal on Truth Social on Tuesday, Trump said Indonesia had agreed to buy $15bn of US energy exports, $4.5bn of US agricultural products, and 50 Boeing jets. Trump said later on Tuesday that the US exporters would have “full access to everything” and pay no tariffs.