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Indonesia wants 'fair and square' trade in US tariff talks
Coordinating Economic Affairs Minister Airlangga Hartarto, the head of delegation, and Finance Minister Sri Mulyani Indrawati have been in the United States since last week negotiating the proposed 32 percent tariffs the US wants to impose on Indonesia. These tariffs have been put on hold for 90 days.
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Trade Minister Budi Santoso (left), Coordinating Economic Minister Airlangga Hartarto (second left), deputy investment and downstream minister Todotua Pasaribu (middle), National Economic Council deputy head Mari Elka Pangestu (second right) and deputy foreign minister Arrmanatha Nasir (right) get ready to brief the press after a meeting about the US tariffs negotiation held at Airlangga's office in Jakarta on April 14, 2025. (JP/Deni Ghifari)
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ndonesia is prioritising its national interests in its ongoing negotiations over US tariffs, its senior economic minister and top negotiator said on Friday, as it wants a "fair and square" trade relationship with the United States.
Coordinating Economic Affairs Minister Airlangga Hartarto, the head of delegation, and Finance Minister Sri Mulyani Indrawati have been in the United States since last week negotiating the proposed 32 percent tariffs the US wants to impose on Indonesia. These tariffs have been put on hold for 90 days.
"In the negotiation process, Indonesia prioritises national interests while encouraging the strengthening of bilateral relations with US," he said at an online press conference.
Last year, Indonesia reported a $14.3 billion trade surplus with the US.
The minister refrained from sharing specific details about the negotiations but said that the discussions included energy supply, US market access for Indonesian goods, deregulation in Indonesia, and critical mineral and technology sharing for agriculture, healthcare and renewable sectors.
The two countries also discussed Indonesia's national payment system and QR code standards, which the US has stated is a barrier for its payments companies. Airlangga indicated that Indonesia is open to foreign operators such as US firms Visa and Mastercard. A two-week timeline has been set for discussing technical details.
Indonesia has proposed increasing its imports from the US by up to $19 billion by switching to US suppliers for goods such as wheat, soybean, liquefied petroleum gas and crude. Jakarta has also offered to reduce non-tariff barriers and proposed some tax cuts for US goods.
