Washington, United States (AFP)-US President Donald Trump said Tuesday that he had struck a trade pact with Indonesia resulting in significant purchase commitments from the Southeast Asian country, following negotiations to avoid steeper tariffs.

Indonesian goods entering the United States would face a 19 percent tariff, Trump said in a post on his Truth Social platform. This is significantly below the 32 percent level the president earlier threatened.

“As part of the Agreement, Indonesia has committed to purchasing $15 Billion Dollars in US Energy, $4.5 Billion Dollars in American Agricultural Products, and 50 Boeing Jets, many of them 777’s,” Trump wrote.

Boeing shares closed down 0.2 percent after the announcement.

The Trump administration has been under pressure to wrap up trade pacts after promising a flurry of deals recently, as countries sought talks with Washington to avoid the US president’s tariff plans.

But Trump has so far only unveiled other 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 percent levy on Indonesian goods, saying in a letter to the country’s leadership that this would take effect August 1.

It remains unclear when the lower tariff level announced Tuesday will take effect for Indonesia. The period over which its various purchases will take place was also not specified.

Trump said on social media that under the deal, which was finalized after he spoke with Indonesian President Prabowo Subianto, goods that have been transshipped to avoid higher duties would face steeper levies.

He separately told reporters that other deals were in the works, including with India, while talks with the European Union are continuing.

Indonesia’s former vice minister for foreign affairs, Dino Patti Djalal, told a Foreign Policy event Tuesday that government insiders had indicated they were happy with the new deal.