TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsAirlangga to visit US on Monday ahead of tariff deadline, official says
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Coordinating Economic Minister Airlangga Hartarto delivers a press statement at the State Palace on April 28, 2025, after meeting President Prabowo Subianto to report on the ongoing negotiations with Washington aimed at averting steep US import tariffs to be imposed on Indonesian-made goods. (JP/Ruth Dea Juwita)
C
oordinating economic minister Airlangga Hartarto, the country's main negotiator in tariff talks with the United States, is scheduled to go to the US on Monday, an official told Reuters.
Airlangga is currently in Brazil accompanying President Prabowo Subianto for the BRICS conference but is scheduled to go to the United States afterwards to oversee tariff negotiations ahead of the July 9 deadline, said Haryo Limanseto, spokesperson at the Office of the Coordinating Economic Minister.
The largest economy in Southeast Asia is facing a 32-percent tariff in US markets, and Jakarta has offered to cut duties to near-zero on main US goods. To smoothen tariff talks, it has also proposed US investment in its critical minerals and offered to import more US products.
A US$34 billion trade deal between Indonesian companies – including state-owned flag carrier Garuda Indonesia and noodle making giant Indofood – and US partners was expected to be signed on Monday.
Indonesia's wheat flour mills association will sign a memorandum of understanding (MoU) later on Monday to buy at least 1 million tonnes of US wheat per year from 2026 until 2030, its chairman Franciscus Welirang, who is also Indofood director, told Reuters on Monday.
"We will sign the MoU this afternoon [...] we as the private sector will try backing up the ongoing tariff negotiation," Welirang said, adding that he as the association's chairman will sign the deal in Jakarta.
The agreement involved a higher purchasing volume than was previously agreed last week. Indofood together with other members in the association were expected to buy 2 million tonnes of US wheat worth $500 million.
The United States is Indonesia's second-largest export market, after China, with a total value of $28.1 billion in goods shipped to the United States in 2024, according to the US Trade Representative.
The Southeast Asian country ran a $17.9 billion goods trade surplus with the United States last year.
US tariffs could reduce Indonesia's potential growth by 0.3 to 0.5 percentage points, Finance Minister Sri Mulyani Indrawati has warned. The government has adjusted Indonesia 2025's GDP outlook downward to a range of between 4.7 percent and 5.0 percent from an earlier target of 5.2 percent.
