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View all search resultsUS maintains tariff threat despite Indonesian concessions
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United States President Donald Trump disembarks from Air Force One on May 4 upon arrival at Joint Base Andrews in Maryland, the US as he returns to the White House after spending the weekend in Florida. (AFP/Saul Loeb)
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ndonesia has yet to secure lower tariffs from the United States despite a range of concessions it put on the table. Experts caution that striking a trade deal may be “too complex” a task.
Coordinating Economic Minister Airlangga Hartarto was set to meet US negotiators on Tuesday for more talks on bilateral trade, hours after US President Donald Trump sent a letter to President Prabowo Subianto reiterating his threat to impose a 32 percent tariff on all Indonesian exports.
“The government will maximize all available opportunities to safeguard national interests,” the ministry’s spokesperson Haryo Limanseto said on Tuesday.
Read also: Trump sends Prabowo letter to ram through trade talks
Airlangga, who attended the BRICS summit in Brazil earlier this week, is scheduled to sign a memorandum of understanding (MoU) in Washington for trade deals worth up to US$34 billion with American business partners.
The agreement will include $15.5 billion in US fuel imports as well as investment plans involving state-owned enterprises (SOEs) and state-run asset fund Danantara Indonesia.
However, it remains unclear whether the agreement has been finalized. “There will be a separate statement addressing the MoU,” Haryo told The Jakarta Post.
