Indonesia is leveraging a potential $10 billion oil and fuel import deal to pressure the U.S. into lowering steep tariffs on Indonesian goods.

Without a means of enforcing bilateral trade agreements, Trump could simply change the terms of any deal down the road. The answer is to kick the U.S. out of the World Trade Organization, argues professor Kristen Hopewell.

European trade ministers were hopeful Monday for a trade deal after Trump announced 30% tariffs on the EU, but also expressed resolve in preparing countermeasures if talks break down.