The two sides "exchanged views on Taiwan-US reciprocal tariffs, non-tariff trade barriers, and a number of other economic and trade issues including export controls".

Indonesia is considering to boost imports of liquefied petroleum gas (LPG) and liquefied natural gas (LNG) from the United States, but experts urge caution to avoid harming local industries and stress prioritizing long-term national interests over trade pressure.

A former World Trade Organization boss has said the future terms of global trade, rocked by US President Donald Trump's sweeping protectionist tariffs, could be decided outside the 30-year-old international watchdog unless it reforms itself fast.

Southeast Asian countries are looking to boost trade with their neighbors as a way to stave off the impending impacts of US tariffs following the 90-day reprieve, given that intra-ASEAN trade in 2023 totaled US$759 billion, around a third higher than the region’s total trade with the US last year.

The government and economists agree that an increasingly protectionist US trade policy is weighing on Indonesia’s economic growth, but the full extent of the damage will depend on the final tariffs Washington imposes on goods from the archipelago and its trade partners.

The economic ministers of the ten member states explained that retaliation would not be beneficial as the US was Southeast Asia’s biggest source of foreign direct investment and second-largest trading partner in 2024. The US was also the bloc’s fifth largest trading partner in the same year.

Before a 90-day pause was announced by US President Donald Trump on the implementation of US tariffs, six of nine Southeast Asian countries targeted by the US administration were slapped with much bigger-than-expected tariffs of between 32 percent and 49 percent. 

"There are many French companies investing in Indonesia in the energy sector, tech or transportation. There are many sectors in which France excels," he said.

In a stunning reversal, US President Donald Trump said on Wednesday he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending US stocks rocketing higher.

Asian Agri, one of Indonesia’s largest palm oil producers, has recorded relatively positive developments at the midway point of its AsianAgri2030 sustainability commitment.

The finance minister, a seasoned economist, has criticized Trump's tariff policy as devoid of any basis in economic science, while highlighting the resulting turmoil in global trade as presenting a fresh opportunity for Indonesia.

Rise in demand from the free meals implementation is expected to wipe out the 200,000-tonne egg surplus that Indonesia currently produces.

The government explained that “front-loading” debt issuance was a way to anticipate uncertainty brought about by global dynamics, including a highly protectionist trade policy adopted in the United States.

Beijing's rebuke came after Trump threatened to ratchet up tariffs on US imports from the world's No. 2 economy to more than 100 percent on Wednesday in response to China's decision to match the "reciprocal" duties Trump announced last week.

While acknowledging that there may be limited room "to revisit the underlying intent" of the tariffs, Anwar said there was still scope to adjust the policy's implementation.

The country’s headline inflation hovered at 1.03 percent year-on-year in March, Statistics Indonesia (BPS) production undersecretary M. Habibullah said in a press conference on Tuesday.

China vowed on Tuesday to "fight to the end" against US tariffs as some citizens railed against President Donald Trump after he singled out Beijing for further levies, setting the stage for a standoff between the world's two largest economies.

While the government has tried to curb growing worries over the depreciating rupiah, Apindo and economists have pointed to pass-on costs and "double inflationary pressures" as potential scenarios that should be anticipated.

The central bank  said in a statement it would optimise interventions in the spot, domestic non-deliverable forward and bond markets to ensure adequate foreign exchange liquidity.

Indonesian Chamber of Commerce Industry (Kadin) chairman Anindya Bakrie plans to hold talks with the United States Chamber of Commerce in May over the US administration’s move to impose a 32 percent tariff on goods imported from Indonesia.  

The IMO expects to come to an initial agreement by Friday next week on which mechanism to adopt to help reach carbon neutrality in shipping by 2050.

Trump on Wednesday announced that China would be hit with a 34 percent tariff, on top of the 20 percent he imposed earlier this year, bringing the total new levies to 54 percent.

The tariffs -- which are paid in the first instance by US importers -- will likely push up the price of many household items in the United States and reduce consumers' spending power. 

China is more exposed to the risk of shrinking world commerce than any other nation, with economic growth last year relying heavily on running a trillion-dollar trade surplus.

Indonesia, which enjoyed a $16.8 billion surplus in trade with the United States last year, now faces a steep 32 percent tariff on goods exported to the US market.

Six of the nine Southeast Asian countries listed by Trump were slapped with much bigger-than-expected tariffs of between 32 percent and 49percent. By comparison, the level for the European Union was 20 percent.

According to the latest S&P Global report released on Monday, Indonesia’s manufacturing Purchasing Managers’ Index (PMI) dipped to a reading of 52.4 in March from 53.6 in February.

The government has dismissed a suggestion that less money circulated during Idul Fitri this year compared to previous years.

The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no details about the size and scope of trade barriers that have businesses, consumers and investors fretting about an intensifying global trade war.

Asia's factory activity mostly weakened in March as an intensifying US tariff war and slowing global demand hurt business sentiment, private sector surveys showed on Tuesday, darkening the outlook for the region's economy.