Trump, Indonesia and Tariff
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President Donald Trump has again delayed a tariff deadline. His back and forth on the policy spurred TACO accusations. What does it mean?
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.
Blunt letters dictating terms posted to social media and changes late in negotiations have left trading partners wondering what President Trump will do next.
In an official letter on White House letterhead dated July 7 and addressed to Indonesian President Prabowo Subianto, Trump stated that a 32 percent import tariff will still be imposed on all Indonesian products entering the U.S., outside of other sectoral tariff schemes. This policy refers to the tariff value previously announced in April.
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.
Airlangga is currently in Washington DC to meet US President Donald Trump's team over the looming 32 percent tariffs.
Indonesia and the United States have agreed to take concrete steps to advance negotiations on reciprocal tariffs, in a move to deepen bilateral trade relations and foster long-term economic cooperation.
JAKARTA (Reuters) -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.
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,