Indonesia is pressing for a “fair and square” trade deal with Washington, senior ministers said, as Jakarta hustles to head off a 32 % U.S. tariff by offering to boost American imports by up to $19 billion while safeguarding its own economic interests.
Indonesia is putting its domestic priorities first as it negotiates proposed U.S. tariffs, senior economic minister Airlangga Hartarto said Friday, underscoring Jakarta’s desire for a “fair and square” trade relationship with Washington.
Hartarto and Finance Minister Sri Mulyani Indrawati have been in the United States since last week discussing a 32 % duty that Washington has suspended for 90 days. Indonesia logged a $14.3 billion surplus with the U.S. last year.
Speaking at an online briefing, Hartarto said talks have covered energy supplies, wider U.S. market access for Indonesian products, deregulation, and cooperation on critical minerals, agriculture, health and renewables. The two sides also addressed Indonesia’s national payment and QR-code systems, which the U.S. says disadvantage firms such as Visa and Mastercard. Technical discussions are set for the next two weeks.
Jakarta has offered to raise U.S. imports by as much as $19 billion—switching to American wheat, soybeans, LPG and crude—and to ease some non-tariff barriers and taxes. Hartarto stressed that the plan would not come at other partners’ expense, pledging Indonesia would seek purchases from nations that lose market share.
Indonesia hopes its decision to negotiate rather than retaliate will resonate with President Donald Trump, whom Sri Mulyani said tends to reward “first movers.” On the IMF–World Bank spring-meeting sidelines, she compared notes with other tariff-hit countries and said Washington has asked ASEAN members about a collective stance.
The delegation has also met U.S. officials and executives from semiconductor firms, Google, Amazon, Microsoft and Boeing. While Sri Mulyani warned that tariff risks could dent global and Indonesian growth, she still projects the economy will expand about 5 % this year, just shy of the government’s 5.2 % goal.
Europe’s new-generation weather satellite, Meteosat Third Generation-Sounder 1 (MTG-S1), was successfully launched into space from the U.S. Cape Can...
The U.S. Justice Department announced charges against two Chinese citizens accused of spying inside the U.S. on behalf of Beijing....
The United States has decided to halt some planned deliveries of air defence missiles and other munitions to Ukraine, citing concerns over dwindling A...
Poland will temporarily restore border checks with Germany and Lithuania starting 7 July, Prime Minister Donald Tusk announced Tuesday, citing the nee...
Donald Trump announced Tuesday that Israel has accepted the key terms of a proposed 60-day ceasefire in Gaza, as part of renewed efforts to end the wa...
Europe’s new-generation weather satellite, Meteosat Third Generation-Sounder 1 (MTG-S1), was successfully launched into space from the U.S. Cape Canaveral base.
The U.S. Justice Department announced charges against two Chinese citizens accused of spying inside the U.S. on behalf of Beijing.
The United States has decided to halt some planned deliveries of air defence missiles and other munitions to Ukraine, citing concerns over dwindling American stockpiles, according to officials familiar with the matter.
Poland will temporarily restore border checks with Germany and Lithuania starting 7 July, Prime Minister Donald Tusk announced Tuesday, citing the need to reduce irregular migration across its borders.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Prices for goods made in China and sold on Amazon.com are rising at a pace faster than overall inflation, signaling the growing impact of U.S. tariffs on consumers, a new analysis by retail analytics firm DataWeave reveals.
U.S. Secretary of State Marco Rubio convened his counterparts from India, Japan, and Australia on Tuesday for a high-stakes meeting of the Indo-Pacific Quad, aiming to reaffirm the group's commitment to countering China’s influence in the region.
A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing the Chinese telecoms giant to face trial over allegations of trade secret theft, bank fraud, and sanctions violations.
France is facing a severe heat wave forcing nearly 1,350 schools to shut fully or partially, nearly double from the previous day.
The U.S. Justice Department announced charges against two Chinese citizens accused of spying inside the U.S. on behalf of Beijing.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment