Jakarta. Indonesia plans to ramp up imports of US energy commodities, including crude oil, liquefied petroleum gas (LPG), and refined fuels, as part of efforts to ease trade tensions with Washington and address tariff pressures. Energy and Mineral Resources Minister Bahlil Lahadalia said the move is part of ongoing negotiations aimed at resolving a 32 percent … Read more
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
Jakarta. The Indonesian Association of Motor and Auto Parts Industries (GIAMM) has urged the government to consider imposing reciprocal tariffs on the United States following Washington’s recent decision to raise import duties on products from several countries, including Indonesia. “If they impose high tariffs, we need to respond in kind. Tariff for tariff. However, the … Read more
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 … Read more