Before Trump, Indonesia Had Another Trade Headache
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Citing the results of a macroeconomic analysis on Indonesia's reduced tariff rate of 19 percent, the DEN chief says Jakarta's new trade deal with Washington will help boost employment, welfare and labor-intensive industries to encourage more foreign investment and boost the overall economy.
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Al Jazeera on MSNTrump unveils 19% tariff on Indonesia, says Vietnam deal ‘pretty well set’US president says Jakarta will buy 50 Boeing jets and billions of dollars of energy and farm products under the deal.
The uncertainties triggered by the US' tariff threats could cause some countries to rush into deals at the expense of domestic interests, experts told CNA.
The Alliance for American Solar Manufacturing and Trade says Chinese-owned companies shifted production from nations that received US tariffs to Indonesia and Laos.
Trump announced the pact with Indonesia, a relatively minor U.S. trading partner, as he continued to press for what he views as better terms with trading partners and ways to shrink a huge U.S. trade deficit.
The country has presented the deal as an honorable outcome, while further diversifying its economic and strategic partnerships with the rest of the world.
The 19 percent import tariff imposed by the US President Donald Trump administration on Indonesian goods is among the lowest for Asian countries, according to
The tariff would be collected from miners only when coal prices are high, with authorities potentially including it in the 2026 budget plan.