February 4, 2026
JAKARTA – Coordinating Economy Minister Airlangga Hartarto says all negotiation points on a tariff deal with the United States have been agreed between the two sides, and all that is left is signing by the respective presidents, pending schedulin
Following his keynote speech at the Indonesia Economic Summit in Jakarta on Tuesday, Airlangga told reporters that the negotiations on the US’ so-called reciprocal tariffs “are all complete”, adding that the legal drafting progress for the Agreement on Reciprocal Trade (ART) had reached 90 percent.
Airlangga said he could not reveal the contents of the agreement until the documents were signed by President Prabowo Subianto and US President Donald Trump, as the two countries were bound by a nondisclosure agreement when they clinched a preliminary handshake deal last July.
Indonesia was among the first countries to secure a framework tariff agreement with the US government, which lowered the import duty on Indonesian exports from a threatened 32 percent to 19 percent.
Asked whether the ART signing would happen this month, Airlangga replied: “We’re waiting for the schedule”.
While Jakarta and Washington outlined the framework of the agreement in July, the final conclusion has been pushed back multiple times.
The prospective deal, according to earlier statements, foresees a 19 percent duty on most Indonesian goods exported to the US even while tariffs are to be eliminated on 99 percent of US products entering Indonesia. Indonesia has also accepted several other concessions.
The two governments had initially announced plans to get the deal signed by the end of October, until Washington went through its longest-ever government shutdown, which pushed bilateral meetings back to November and saw the signing rescheduled for December.
Washington’s shutdown notwithstanding, Malaysia and Cambodia both signed their ARTs with the US in October.
When the December deadline approached, reports surfaced about Indonesia refusing to accept the so-called “poison pill” clause requiring Jakarta to “consult with Washington” before entering into digital trade agreements with other countries, as well as to align with US sanctions and economic restrictions, as are the arrangements with Malaysia and Cambodia.
On Dec. 10, media reported that unnamed US officials had grown increasingly frustrated with Indonesia due to Jakarta reneging on some of the terms outlined in the joint statement, putting the deal at risk of collapse.
The government still appeared keen on signing the ART by the end of December, as Airlangga flew to Washington, DC, just days ahead of Christmas. That deadline too passed, and signing was pushed back to January.
Airlangga visited the US capital again in January for further talks with the US Trade Representative, after which he said all issues had been settled and the ART would be signed by the end of the month, which, again, did not happen.
The senior minister, who helmed the negotiating delegation, said on Monday that the January deadline had been missed because of scheduling issues between the two presidents on account of the Board of Peace signing schedule attended by both during the World Economic Forum in Davos, Switzerland, near the end of last month.