“Great deal, for everybody, just made with Indonesia,” Trump wrote on his Truth Social platform, saying he dealt with the country’s president directly. “DETAILS TO FOLLOW!!!”

The Trump administration has been under pressure to finalise trade pacts with other economies after promising a flurry of deals as countries sought to avoid the president’s tariff threats.

But Washington has so far only unveiled deals with Britain and Vietnam, alongside an agreement to temporarily lower tit-for-tat levies with China.

Last week, Trump renewed his threat of a 32% levy on Indonesian goods, saying in a letter to the country’s leadership that this level would take effect Aug 1.

Trump in April imposed a 10% tariff on almost all US trading partners, while announcing plans to hike this level for dozens of economies including the EU and Indonesia.

But he recently postponed the deadline for these steeper duties to kick in, from July 9 to Aug 1.