U.S. President Donald Trump on Tuesday announced a trade deal with Indonesia, the latest pact in a bid to cement better terms with trading partners and reduce a massive trade deficit, even as the European Union readied retaliatory measures should talks between Washington and its top trading partner fail.

Trump also revealed on Truth Social that Indonesia agreed to buy $15 billion worth of US energy exports, $4.5 billion in farm goods, and 50 Boeing jets, though no timeline was specified.