Compliance with the regulation has often been cited as a barrier for businesses, as it forces companies to pour significant capital into local production infrastructure or partner with domestic suppliers to source their inputs locally, which can be more costly.

China's exports rose sharply in March after factories rushed out shipments before the latest US tariffs took effect, but an escalating Sino-US trade war has darkened the outlook for factories and growth in the world's second-biggest economy.

Diversifying exports to countries beyond the US is unfeasible in the short term because of either limited market demand or intense competition from local players in target countries.

Indonesian palm oil companies are seeking new markets in Europe, Africa and the Middle East as they try to protect themselves from the impact of Donald Trump's trade war, a top industry executive told AFP.

The move came as retaliatory Chinese import tariffs of 125 percent on US goods took effect Saturday, with Beijing standing defiant against its biggest trade partner.

Consumers can receive their preferred compensation of either a full refund or a replacement unit in finished apartment towers.

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".

The government has long sought after new airlines, hoping to improve competition and lower airfares in the country’s duopoly aviation market. Flag carrier Garuda Indonesia and Lion Air are estimated to serve between 70 and 80 percent of domestic passengers annually.

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.

The marketing and sale of iPhone 16 models was prohibited by the government in October over Apple’s failure to meet regulation requiring that 40 percent of smartphone components be made from local parts.

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.

The National Food Agency (Bapanas) has defended President Prabowo Subianto’s instruction to remove import quotas, arguing the move will not hurt domestic producers.

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.

Industry groups are pressing the government to delay increasing mining royalties this month as planned, regardless of the pause in US tariffs, underlining the persistent global uncertainty and already burdensome domestic rules for miners.

Continuing jitters about US tariffs hit Asian stocks in early trade on Friday, with Japan's Nikkei tumbling more than 5 percent and gold hitting another record high.

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. 

Japanese oil and gas company Inpex has begun the front-end engineering design (FEED) process for the Abadi liquefied natural gas (LNG) project in Indonesia as the government pushes for its development.

The housing ministry has introduced a new regulation to be issued on April 21 that expands the maximum income threshold for individuals and couples eligible for the government's subsidized homeownership program, so residents in major cities also have access to affordable homes.

"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 their meeting on Wednesday, just before the Trump administration reversed course on its sweeping tariff policy, the senior economic minister and the US ambassador spoke of constructive cooperation as a way forward in bilateral trade talks.

China's yuan on Thursday fell to its lowest value against the US dollar since the global financial crisis, with the central bank cutting guidance for the sixth successive trading session against a backdrop of intensifying Sino-US trade tension.

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 government appears in disarray over details on planned changes.

The government is establishing three state-owned companies to oversee food, fisheries and oil palm plantations as part of a larger effort to bolster food security, but experts warn the move undermines the consolidation of state-owned enterprises (SOEs).