Indonesia, EU Seek Each Other’s Markets as Trump Tariffs Take Effect

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. … Read more

2024 Roundup on Indonesia’s Foreign Trade Deals

Jakarta. Aside from a shift in presidency, the year 2024 has witnessed quite a progress in Indonesia’s attempt to boost its exports. Southeast Asia’s largest economy has managed to move the needle in some of its trade deal negotiations, although some talks remained sluggish. In early January, then-Trade Minister Zulkifli Hasan said that Indonesia was … Read more