#Global Trade Tensions
RI-U.S. reciprocal tariff deal faces delay, local commodities seek exemptions
The Ministry of Trade has signaled that the signing of a reciprocal tariff agreement between Indonesia and the United States will be delayed beyond the earlier target date of next week, Monday, September 1, 2025, with one key issue under negotiation is the exemption of import duties for certain Indonesian local commodities entering the U.S. market.
Indonesia confident EU will comply with WTO ruling on biodiesel tariffs
The Ministry of Trade is confident that the European Union (EU) will comply with the World Trade Organization (WTO) ruling on a dispute with Indonesia over countervailing duties imposed on its biodiesel exports.
Luhut to meet U.S. Trade Secretary to bid for duty-free access for key RI commodities
U.S. Secretary of Trade Howard Lutnick is scheduled to meet with National Economic Council (DEN) Chairman Luhut Binsar Pandjaitan to assist in negotiations to exempt several Indonesian commodities from import duties in the U.S. market.
CPO exports predicted to remain flat amid global economic slowdown: Gapki
Indonesia’s palm oil exports are projected to remain stagnant this year due to weak global economic growth, according to the Indonesian Palm Oil Association (GAPKI).
Indonesia to spend Rp578 trillion under U.S. trade deal, experts urge caution
Indonesia must prepare around Rp578 trillion (US$35.4 billion) to fulfill commitments under a trade agreement proposed by the U.S. President Donald Trump, including US$15 billion in oil and gas imports, the purchase of 50 Boeing aircraft, and US$4.5 billion worth of U.S. agricultural products, an economist has warned.
Economist slams Trump’s 32 percent tariff as unfair, calls for zero tariff deal
Economist Syafruddin Karimi of Andalas University strongly criticizes U.S. President Donald Trump's decision to impose a 32-percent reciprocal tariff on Indonesian exports, calling it damaging and unfair.
Indonesian economy under pressure, growth slows to 4.87 percent in Q1 2025
Indonesia’s economy opened 2025 facing mounting domestic and international challenges, with growth slowing to 4.87 percent in the first quarter (Q1) − down from 5.11 percent in the same period last year.
Indonesia asks IMF to reinforce global trade amid rising tensions
Governor of the Indonesian Central Bank (BI) Perry Warjiyo has called for a stronger role by the International Monetary Fund (IMF) in safeguarding global economic stability in the face of rising trade tensions and protectionist policies, particularly from major economies such as the United States.
RI engages U.S. on multilateralism, WTO reform at G20 and IMF Spring meetings
Indonesia emphasized the importance of continued U.S. engagement in multilateral institutions and fair global trade during recent high-level meetings on the sidelines of the G20 and the IMF Spring Meetings, Finance Minister Sri Mulyani Indrawati said.
BCA CEO stresses effects of global uncertainty, Trump's policy as Stocks corrected
President Director of PT Bank Central Asia (BCA) Jahja Setiaatmadja responded to the recent downward trend in banking sector stock prices, citing correction has not only been experienced by BCA shares, but also other large banks − both state-owned and private.
Economists praise Indonesia’s trade talks with U.S.
Indonesia’s recent negotiations with the United States are seen as a strategic move aimed at safeguarding national economic interests rather than signaling a geopolitical shift away from China, said Fithra Faisal Hastiadi, Chief Economist at Samuel Sekuritas Indonesia.