Under the framework agreement, the US will impose a 15% tariff on EU goods, while the EU will purchase a significant amount of US energy and military equipment.
Japan was among the first countries to start negotiations with the US, but an agreement remains elusive, with Trump repeatedly complaining about Japan's "tough" stance.
Indonesia's import tariffs reduced from 32% to 19% in exchange for eliminating tariffs on US goods and purchasing tens of billions of USD worth of American products.
European commission president Ursula von der Leyen announced another postponement of retaliatory tariffs against the US to allow for trade agreement negotiations.
President Donald Trump and top officials have confirmed that tariffs will increase starting August 1, a three-week extension from the original deadline.
Indonesian negotiators have proposed reducing tariffs on key US exports to nearly 0%, while increasing purchases of American aircraft and agricultural products.
