The new tariffs, initially set at 10 percent, are justified as a means "to deal with the large and serious United States balance-of-payments deficits," according to a White House released Friday.

Asian stocks stabilized after a wobbly start on Tuesday as a fresh AI-linked selloff on Wall Street rattled investors, with sentiment also hurt by heightened anxiety over US President Donald Trump's tariff policy and geopolitical tensions.

Local businesses has slammed the plan and urged the government to scrap the proposal, arguing that domestic manufacturers are fully capable of meeting the demand.

The Finance Minister revealed that the fiscal deficit in January was at 0.21 percent of GDP, which he said was “very much under control and totally within the design corridor of the 2026 state budget”.

The IDX, along with the OJK, has announced a new policy to double the minimum free float requirement to 15 percent from 7.5 percent at present, using a case-by-case approach in addition to assistance for listed firms for gradual implementation by March.

The action follows last week’s sealing of outlets of Tiffany & Co. across three Jakarta shopping malls over suspected smuggling and under-invoicing.

The court ruled six to three on Friday that Trump does not have the authority to impose tariffs under a 1977 law he has relied on to impose sudden levies on individual countries, upending global trade.

The European Commission called Sunday for Washington to abide by the terms of the trade deal struck last year with the EU, as President Donald Trump announced new global tariff hikes a day after an adverse Supreme Court ruling.

The government has signaled that it will refrain for now from any decisive follow-up to its new bilateral trade deal with the United States after a US Supreme Court ruling raised questions over the legality of US tariff policies.

One of the first concrete reactions among Asian nations to the decision, it follows Trump's move on Saturday to levy a temporary tariff of 15 percent, the maximum allowed by law, on US imports from all countries, following the court's rejection.

During a meeting with the House of Representatives on Feb. 10, Public Housing and Settlements Minister Maruarar Sirait revealed that the Meikarta land has been granted for free by Lippo Group to the government.

The court's ruling invalidated a number of tariffs that the Trump administration had imposed on Asian export powerhouses from China and South Korea to Japan and Taiwan, the world's largest chip maker and a key player in tech supply chains.

An initiative founded by an Indonesian senior high school student has spotlighted the importance of collaboration in the field of neurodiversity education.

Trump's talks with Chinese President Xi Jinping on an extended visit to Beijing had been expected to revolve around extending a trade truce that kept both countries from further hiking tariffs.

By itself, the ruling is estimated to chop the trade-weighted average US tariff almost in half from 15.4 percent to 8.3 percent. Yet no one expects this to remain the status quo: the Trump administration has said that it can and will use other legal vehicles to reimpose tariffs.

US Treasury Secretary Scott Bessent told Fox News on Friday that tariffs based on the International Emergency Economic Powers Act (IEEPA) "were custom made for President Trump to assert leverage" against other countries.

While the conservative-majority Supreme Court ruled that Trump was not authorized by the International Emergency Economic Powers Act (IEEPA) to impose tariffs, the ruling does not impact sector-specific duties that Trump has imposed on imports of steel, aluminum and various other goods.

The US Supreme Court has struck down President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications for the global economy.

The affected rules include local content requirements, a critical mineral export ban, halal certification and a digital tax moratorium, all of which are intended to support domestic businesses.

The industry ministry has joined the choir of criticism against Agrinas' procurement deals with Indian carmakers, saying that rather than importing foreign-made pickups, the local automotive industry should be bolstered to optimize capacity so as to reap the many benefits of mobilizing the national supply chain.

The deal appears to take aim at what analysts have said are concerns in Washington about China's stranglehold on many critical minerals and the offshoring of Chinese companies' operations to countries like Indonesia.

Communications and Digital Minister Meutya Hafid noted that Indonesia’s AI adoption rate is among the highest in the region, though it mostly involves “entry-level” activity.

The accord sets a 19-percent tariff on Indonesian goods entering the United States. Jakarta is also to exempt US companies from local content requirements and address and prevent barriers to US agricultural products sold in Indonesia.

The US trade deficit widened sharply in December amid a surge in imports, despite President Donald Trump's tariffs on foreign manufactured merchandise, but most of the imports were capital goods, which should support business investment and keep expectations for strong economic growth intact.

The business deals, which form part of a planned bilateral trade agreement, would help narrow Indonesia’s trade surplus with the United States, Prabowo said.

The central bank governor Perry Warjiyo said that global uncertainty increased risk premiums and created “short-term pressures toward the exchange rate”.

Akihiro Ondo, CEO of Mitsubishi Power Asia Pacific, explains Indonesia’s power sector readiness to meet rising electricity demand compared with regional peers and the role of gas and hydrogen-ready technologies in the energy transition.