Higher US tariffs came into effect for dozens of economies Thursday, drastically raising the stakes in President Donald Trump's wide-ranging efforts to reshape global trade.

Indonesia seeks to import lithium from Australia to fill a key gap in its electric vehicle (EV) battery supply chain, as part of its broader push to become a global EV manufacturing hub.

As the United States ramps up tariffs on major trading partners globally, President Donald Trump is also disrupting strategies that could be used -- by Chinese companies or others -- to circumvent them.

Countries will focus on domestic production and encourage companies to shift overseas production back home, widely known as reshoring.

Indonesia’s economic growth has far outstripped forecasts thanks to infrastructure projects getting pushed ahead and state-sponsored consumption incentives.

US import tariffs vary for goods shipped in from different Southeast Asian countries, with the 19 percent duty faced by Indonesian exporters falling between the extremes.

Auto dealers have been grappling with fiercer competition, especially in the electric vehicle segment, where a wave of new models, many from Chinese manufacturers, has entered the market with aggressively low pricing.

Indonesian manufacturers are increasingly cautious in their outlook as business confidence has fallen to a record low amid concerns over United States import tariffs. The waning sentiment risks holding back investment.

India will keep purchasing oil from Russia despite US President Donald Trump's threats of penalties, two Indian government sources said, not wishing to be identified due to the sensitivity of the matter.

CPO emerged as the standout performer, with exports reaching $11.4 billion in the first half, a 24.8 percent increase from the same period last year.

The government previously stated that until the deal is formalized, Indonesian exports would remain subject to a 10 percent baseline tariff.

The CPI grew 2.37 percent on an annual basis last month, primarily due to volatile foods component, which rose by a steep 3.82 percent, along with a monthly uptick of 0.82 percent in education costs to coincide with the start of the 2025-2026 school year.

Indonesia’s manufacturing activity has improved but remains in negative territory due to weak output and demand, while producers’ confidence is at a low due to US tariff jitters.

Launched by the IBC on July 24, the Indonesian Carbon Market Academy (ICMA) aims to equip players in the local carbon market with the capacity they need to be globally competitive and contribute to the country's 2050 net-zero goal.

The state-owned energy is aiming for a mid-August test flight as it begins production on its new SAF made from used cooking oil, in a bioavtur synthesis process for which it developed the "Red and White catalyst".

The event will discuss efforts to turn Indonesia's great potential in renewable energy toward supporting the energy transition and becoming a regional leader in the sector.

China's factory output shrank more than expected in July, official data showed on Thursday, logging its fourth straight month of contraction as Beijing battles to hammer out a trade deal with the United States.

At least half of all businesses nationwide have carried out layoffs so far this year, according to a survey conducted by the Indonesian Employers Association (Apindo).

Trump's newly announced "world tariff" plan for rates between 15 and 20 percent has left the government in a state of agitated ambiguity, especially following the comprehensive concessions Indonesia has made to secure a 19 percent tariff via the recently agreed framework trade deal with the US.

Paramadina University rector Didik Rachbini praised Kwik as a courageous intellectual who upheld economic integrity and “played a major role in applying checks and balances to national policy.”

According to QRIS transaction data from Bank Mandiri, the Rojali-Rohana phenomenon is evident and reflects changing spending patterns within mall ecosystems.

Trump told reporters his administration will notify some 200 countries soon of their new "world tariff" rate.

Foreign direct investment (FDI) has declined sharply, but the overall investment figure continued to rise in the second quarter (Q2) as domestic businesses picked up the slack.

The government will no longer offer electricity subsidies or wage subsidies for low-income workers in the new subsidy package.

France called a framework trade deal between the United States and European Union a "dark day" for Europe, saying the bloc had caved in to US President Donald Trump with an unbalanced deal that slaps a headline 15 percent tariff on EU goods while sparing US imports from any immediate European retaliation.

Top US and Chinese economic officials will resume talks in Stockholm on Monday to try to tackle longstanding economic disputes at the center of a trade war between the world's top two economies, aiming to extend a truce by three months and keeping sharply higher tariffs at bay.

The United States and European Union on Sunday clinched what President Donald Trump described as the "biggest-ever" deal to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war.

Australia's Prime Minister Anthony Albanese said on Sunday that a decision to ease rules on US beef imports was not prompted by US President Donald Trump.

EU chief Ursula von der Leyen and US President Donald Trump said Friday they would meet in Scotland this weekend in a decisive push to resolve a months-long transatlantic trade standoff.

While acknowledging the inherent trust demonstrated by foreign banks in committing to such a large amount, and without collateral at that, economists have questioned the urgency of the move and cautioned about potential risks such as mismanagement and project selection.