Indonesia speeds up trade deals, including one with the EU, to counter a new 19 per cent US tariff and boost exports such as shoes, palm oil and coffee.

Negotiations between the EU and the United States to strike a last-minute trade deal are "ongoing," European Commission President Ursula von der Leyen said on Thursday, with only eight days to go before new US tariffs on the bloc take effect.

The European Union and the US are progressing toward an agreement that would set a 15% tariff for most imports, according to diplomats briefed on the negotiations.