Indonesia Seeks Further Tariff Cuts In Ongoing Talks With United States

Indonesia's trade negotiations with the United States continue, highlighting efforts to lower tariffs beyond the current 19-percent import rate.

Indonesia Seeks Further Tariff Cuts In Ongoing Talks With United States

3282
3282

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Indonesia is continuing trade negotiations with the United States despite having secured a 19-percent import tariff on Indonesian products.

“We want zero-percent tariffs on commodities that the US does not produce,” Trade Minister Budi Santoso said in Jakarta on Thursday.

Talks will continue until September 1, he added, noting that there is still room for reciprocal tariff adjustments.

The current 19-percent tariff was previously reduced from 32 percent.

Santoso also noted that US President Donald Trump has allowed Indonesia the opportunity to negotiate further.

Indonesia plans to use this window to request zero import tariffs on products not produced in the US, although Santoso did not specify which commodities.

The 19-percent tariff officially took effect on Thursday, August 7.

It is part of a broader deal agreed between President Prabowo Subianto and President Trump, under which US exports to Indonesia will be exempt from both tariff and non-tariff barriers.

With the tariff now at 19 percent, Indonesia has one of the lowest US-bound export tariffs in Southeast Asia, though still higher than Singapore’s 10 percent.

Earlier, Coordinating Minister for Economic Affairs Airlangga Hartarto said that copper concentrates and copper cathodes are among the products already granted zero tariffs, in line with strategic mineral trade talks between the two countries.

Indonesia is also pushing for zero tariffs on other key exports, including crude palm oil, rubber, meranti (Shorea) wood, and copper derivative products. (PNA)