Indonesia Loses as U.S. Wins Big in Trade Deals

Key Summary:
- Does Indonesia still have trade independence?
- Lower trade surplus could exert pressure on IDR
- Limited trade & investment benefit for Indonesia
“Nobody leaves a negotiation happy” is a simple phrase often used to describe how a fair outcome typically requires both sides to give up or compromise something they initially wanted.
However, the latest Agreement on Reciprocal Trade (ART) signed on 19th February 2026 significantly favors the United States while placing Indonesia in a lower economic position, particularly in terms of market access and trade leverage.