Jakarta. The newly imposed 32 percent tariffs by the United States on Indonesian imports are expected to significantly impact Indonesia’s automotive and electronics exports, a leading economist warned on Thursday.
Between 2019 and 2023, Indonesia’s exports in both sectors recorded an average annual growth of 11 percent, including to the US market, according to Bhima Yudhistira, executive director of the Center of Economics and Law Studies (Celios).
Bhima said the tariffs, announced a day earlier by US President Donald Trump, could begin to have serious effects as early as the fourth quarter of this year and potentially slow down Indonesia’s broader…