#Import Tariff
Prabowo signals further talks on U.S. tariff deal, eyes 0 percent import duty
President Prabowo Subianto has indicated of the government’s plan to reopen negotiations with the United States to further reduce tariffs on Indonesian exports, following Washington’s recent decision to impose a 19 percent import duty on Indonesian goods.
Trump cuts Indonesia tariffs to 19%, in exchange for multibillion U.S. export goods
U.S. President Donald Trump on Tuesday, July 15, Washington time, announced a new trade deal with Indonesia, confirming that tariffs on Indonesian goods entering the United States would be set at 19 percent down from the previously threatened 32 percent, while U.S. exports to Indonesia will face no tariffs or trade barriers.
U.S. delays 32% import tariffs on Indonesia following high-level talks
The United States has agreed to delay the implementation of a 32 percent reciprocal import tariff on Indonesian products, following intense economic diplomacy led by Coordinating Minister for the Economy Airlangga Hartarto.
U.S. shows interest in advancing partnerships in critical minerals sector: Airlangga
Coordinating Minister for the Economy, Airlangga Hartarto, said that the United States has expressed strong interests in Indonesia’s critical minerals sector in view of the country’s vast reserves of the currently most sought-after industrial commodity.
Lawmakers urge investment diplomacy as Trump slaps 32 percent tariffs on RI goods
The House of Representatives (DPR) has responded to U.S. President Donald Trump’s decision to impose a 32 percent import tariff on Indonesian products by urging the government to pursue strategic investment diplomacy, particularly by offering to establish manufacturing operations within the United States.
U.S. crude may not be compatible with Pertamina’s refineries: Expert
An energy expert has warned that the Indonesian government’s plan to redirect its crude oil and fuel imports from Singapore to the United States would solve one problem, but create several new ones.
RI holds off on additional fuel imports due to pending U.S. negotiations: Bahlil
Indonesia is delaying plans to escalate fuel imports until negotiations with the United States are concluded, Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia confirmed last week.
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.
U.S. appreciates Indonesia’s trade initiatives, reforms: Airlangga
Coordinating Minister for the Economy, , says the United States appreciates Indonesia’s trade initiatives and proposed reforms efforts that will expectedly open the door for deeper bilateral engagement in the wake of President Donal J. Trump’s retaliatory trade policies against its trading partner countries, including Indonesia, released earlier this month.
U.S. tariff policy deemed counterproductive, pressures rupiah, threatens exports
The increase in import tariffs by United States President Donald J. Trump against a number of trading partner countries is considered to have put great pressure on Indonesia's economic stability, having a direct impact on the rupiah exchange rate and national export performance, says a researcher.