In a significant move for international trade, President Trump announced on Tuesday the establishment of a comprehensive trade agreement with Japan, marking a pivotal moment for the U.S. as it solidifies relations with its fifth-largest import source.

While Indonesia’s exports to the US will face a lower 19 per cent tariff, its farming sector could be adversely affected, analysts say.

Oil prices steadied in early trading on Wednesday after falling for three consecutive sessions as a U.S. trade deal with Japan signaled progress on tariffs and a poll showed U.S. crude stockpiles fell last week,