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.

Asia stocks bounced off 1-1/2 year lows, European shares opened broadly higher and US stock futures pointed to a positive open for Wall Street where shares fell to their lowest in over a year on Monday, before steadying.

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.

Local manufacturers have highlighted an urgent need for measures to protect the domestic market in anticipation of a potential influx of displaced imports as a result of US tariffs, especially following an unexpected downturn in demand over Idul Fitri.

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.

Both buyers and exporters of Indonesian shrimps are waiting for the negotiation result between Indonesia’s government and the Trump administration.

Just before trading resumed after the holiday break, the local bourse adapted its circuit breaker rules, first introduced during the COVID-19 crisis, to better accommodate current volatility.

Asian stocks bounced off 1-1/2-year lows and US stock futures pointed higher on Tuesday, as markets caught their breath after recent heavy selling on hopes that Washington might be willing to negotiate some of its aggressive tariffs.

Financial markets across the globe posted a third day of losses as investors worried that steep trade barriers around the world's largest consumer market could lead to a recession. 

BI held a meeting on Monday to respond to the plummeting rupiah by preparing several measures to stabilize the currency and maintain market confidence.  

The government has vowed to import more goods from the United States to gain leverage in bilateral negotiations and ease tariffs introduced by US President Donald Trump.

Markets in Indonesia have been closed since March 28 for public holidays, and trading will resume on Tuesday, April 8. Before the break, the rupiah had already been under pressure, dropping to its lowest levels since the 1998 financial crisis. 

The Hang Seng Index ended down 13.22 percent, or 3,021.51 points, to 19,828.30 -- its heftiest drop since 1997 during the Asian financial crisis -- while the Shanghai Composite Index shed 7.34 percent, or 245.43 points, to 3,096.58.

Presidential spokesman Hasan Nasbi said on Thursday that President Prabowo's administration has prepared  strategies to maintain the stability of the domestic economy amid Trump's tariffs, including the free nutritious meal program.

Technically insulated from the recent rout due to its holiday closure, Indonesia’s stock market will hardly escape unscathed and is likely to take a delayed hit following the sharp sell-offs on other Asian exchanges when it reopens for trade on Tuesday.

Energy and Mineral Resources Minister Bahlil Lahadalia has ordered the state-owned electricity provider to immediately get to work on a geothermal power plant project in Maluku to increase clean energy supply in Eastern Indonesia.

Futures markets moved swiftly to price in almost five quarter-point cuts in US rates this year, pulling Treasury yields down sharply and hampering the dollar.

Coordinating Economic Affairs Minister Airlangga Hartarto said in a statement that Indonesia would pursue diplomacy and negotiations to find mutually beneficial solutions after Trump announced sweeping global tariffs on Wednesday.

Investors had been anticipating another week of turbulence as global trading partners reacts to the harsher-than-expected tariffs. US S&P 500 E-minis stock futures were last down 4 percent. Dow E-minis were down 3.8 percent, while Nasdaq 100 E-minis were down 4.6 percent at the open on Sunday.

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.

The initial 10 percent "baseline" tariff paid by US importers took effect at US seaports, airports and customs warehouses at 12:01 a.m. ET (0401 GMT), ushering in Trump's full rejection of the post-World War Two system of mutually agreed tariff rates. 

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.

Nissan reportedly plans to reduce production at its Fukuoka factory in western Japan and shift some manufacturing of its Rogue SUV to the United States as early as this summer.

Many newcomers have entered Indonesia’s fragrance market by introducing products on social media before selling them on e-commerce or consignment where consumers can purchase them offline.

President Prabowo Subianto has instructed his cabinet to deregulate and remove “restricting regulations” particularly with regard to nontariff barriers.