Jakarta. US President Donald Trump’s sweeping new tariffs officially kicked in on Wednesday, prompting economies like Indonesia and Europe to diversify their export destinations.
Trump’s 10 percent baseline tariff has been in place since Saturday. A fresh wave of higher import tax rates that go as high as 49 percent has just come into effect. These steeper, reciprocal tariffs target countries whom Trump dubs as unfair trading partners. Imports from Indonesia are now officially subject to a 32 percent reciprocal tariff. The European Union gets a lower rate of 20 percent.
European officials have just voted on the group’s first wave of retaliatory…