Indonesia is ready to pump $34 billion into U.S. energy and agriculture projects—plus a possible 75‑jet Garuda order—to head off steep tariffs.
Jakarta will sign a memorandum of understanding worth $34 billion next week to boost Indonesian purchases and investments in the United States, Chief Economic Minister Airlangga Hartarto said.
"This shows that government, regulators, state-owned enterprises and the private sector are together in responding to the imposition of U.S. reciprocal tariffs," Airlangga noted.
The package covers extra fuel imports and new Indonesian investment in U.S. energy and agriculture, part of efforts to ease a looming 32% tariff on Indonesian goods.
Flag carrier Garuda Indonesia is separately negotiating to buy up to 75 Boeing aircraft.
Indonesia ran a $17.9 billion goods‑trade surplus with the United States in 2024; narrowing that gap, Airlangga noted, could win Jakarta a tariff deal "better than Vietnam’s."
The accord will be signed on 7 July, demonstrating, he said, that government, state firms and private business "stand together" against U.S. duties.
Garuda, still recovering from the pandemic, recently secured a $405 million sovereign‑wealth‑fund loan for fleet upkeep.
Three new sites in Africa — Malawi’s Mount Mulanje, Cameroon’s Diy-Gid-Biy cultural landscape, and the Bijagos Archipelago of Guinea-Bissau — ...
Sotheby’s in New York is set to auction the largest known piece of Mars ever found on Earth—a 54-pound (24.67 kg) meteorite named NWA 16788....
Australian Prime Minister Anthony Albanese began his visit to China on Saturday by arriving in Shanghai with a large business delegation, highlighting...
A fire at a high-rise apartment building in Türkiye’s capital, Ankara, has killed three people — including a three-and-a-half-month-old baby — ...
President Donald Trump and first lady Melania Trump will visit Britain’s King Charles III from September 17 to 19, Buckingham Palace announced Sunda...
Three people were killed and several others injured including state trooper in a shooting at a church in Kentucky, Governor Andy Beshear confirmed on Sunday.
Floods driven by climate change are raising the danger of long-banned toxic chemicals resurfacing in rivers, soil, and food chains, according to a new UN Environment Programme (UNEP) report.
Top military officials from South Korea, the United States, and Japan held talks in Seoul and urged North Korea to stop activities that destabilise the region, as the three allies conducted a joint air exercise on South Korea’s southern Jeju island.
Trump pledges to send Patriot air defence systems to Ukraine through NATO, despite intensifying Russian attacks and rising civilian casualties. Zelenskyy hails the move as critical for defending cities.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
Nvidia chief executive Jensen Huang will brief reporters in Beijing on 16 July, his second China trip this year, as Washington’s export bans squeeze the graphics-chip maker’s biggest foreign market.
Russian Foreign Minister Sergei Lavrov and his Chinese counterpart Wang Yi agreed in Beijing on Sunday to tighten coordination in forums from the U.N. to the G20 while reviewing prospects for ending the war in Ukraine and managing strained ties with the United States.
Australian Prime Minister Anthony Albanese began his visit to China on Saturday by arriving in Shanghai with a large business delegation, highlighting the importance of economic relations between the two countries.
A fire at a high-rise apartment building in Türkiye’s capital, Ankara, has killed three people — including a three-and-a-half-month-old baby — and left dozens suffering from smoke inhalation, according to local media.
President Donald Trump and first lady Melania Trump will visit Britain’s King Charles III from September 17 to 19, Buckingham Palace announced Sunday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment