The two countries reached a trade deal this week that led to a reduction in the threatened U.S. proposed tariff rate to 19% from 32%.

Indonesia is the second ASEAN nation to strike a tariff deal after US President Donald Trump's ultimatum to a list of countries. Whether it's a good deal for Jakarta depends on who you ask.

The tariff deal, announced on Tuesday, reduced US tariffs from 32 percent to 19 percent, with transshipment adding the rate of the source country. Indonesia agreed to import $15 billion in energy products, $4.5 billion in agricultural items and 50 Boeing jets from the US, and eliminate any duty on US goods.