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Indonesia will highlight its strategic importance in global trade, especially its natural resources, as it forges ahead with negotiations to try to reduce a 32% tariff imposed by the United States, a government official said on Wednesday.
President Donald Trump revealed new higher tariff rates for more than a dozen countries after hitting Japan and South Korea first earlier in the day.
The governments of Indonesia and the United States have agreed to continue bilateral talks on the 32-percent tariff imposed on Indonesian products for the
Airlangga is currently in Washington DC to meet US President Donald Trump's team over the looming 32 percent tariffs.
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Minister Prasetyo Hadi explained that the United States' import tariffs apply not only to Indonesia but also to other countries.
Indonesia will send its main negotiator to the U.S. on Monday ahead of Washington's deadline for tariff agreements on July 9, with the two countries also due to sign a $34 billion deal involving higher imports of U.
China’s exports to the United States have plunged over 43% year-over-year in May, representing a $15 billion drop in trade value, yet at the same time, China’s total exports have increased 4.8%, according to official figures,
TEMPO.CO, Jakarta - President of the United States Donald Trump has offered to cancel the 32 percent import tariff for Indonesia. According to him, the U.S. is willing to reduce or even eliminate reciprocal tariffs if the government of President Prabowo Subianto meets several requirements.
Indonesian palm oil exports to the United States may fall due to the 32% tariffs threatened on Indonesian goods, allowing competitors in Malaysia to gain market share, an industry official told Reuters on Tuesday.
In a letter dated July 7 and addressed to President Prabowo Subianto, US President Donald Trump confirmed the decision to keep the 32% tariff in place, despite ongoing talks.