Trump set rates including a 35 percent duty on many goods from Canada, 50 percent for Brazil, 25 percent for India, 20 percent for Taiwan and 39 percent for Switzerland, according to a presidential executive order.

Since World War II, most politicians and economists view free trade as a pillar of globalisation, enshrined in the 1947 signing of the GATT accord.

The government's new “community oil well” initiative aims to reactivate idle wells under the operation of MSMEs as a means of boosting national output, with initial sales slated to begin on Aug. 1.  

Indonesia’s commitment to import $15 billion worth of oil and gas from the United States under a recently agreed bilateral trade deal clashes with the country’s long-term objectives for energy security and diversification.

The Industry Ministry plans to revise local content requirements (TKDN) following the recent trade agreement reached with the United States, in which Indonesia has agreed to remove TKDN requirements for US firms.

In a bid to accelerate absorption and address the national backlog, the housing ministry has proposed setting up a Bulog-like agency to purchase completed homes from developers for reselling to the market under the government's "3 million homes" program.

The government plans to use the simplified categories "special" and "regular", with Bappenas to set the standard price for the latter, to combat the illicit practice of blending different grades of rice for selling at premium prices, which the President has condemned as a brazen "criminal act".

Energy and Mineral Resources Ministry secretary general Dadan Kusdiana insists that critical mineral exports to the US will remain strictly regulated under domestic laws, despite a new bilateral agreement to remove trade barriers.

Indonesia also agreed to remove local content requirements for US firms, recognize US standards for vehicle and medical products, drop onerous licensing on US farm goods while recognizing US regulatory oversight and lift labeling and pre-shipment inspection mandates.

Without mandatory government blending program and subsidy mechanisms, the biodiesel market would not be commercially viable, experts say.

Industry observers and experts say that, while the decision to extend the LCGC program to 2031 could help in the short term, the government needs to come up with a road map to secure the country’s electrification push for the long term.

Critics have warned that Southeast Asia’s largest economy’s push to adopt B50 by 2026 may carry significant environmental and economic risks, such as deforestation, land-use conflicts and biodiversity loss.

The Alliance for American Solar Manufacturing and Trade says Chinese-owned companies shifted production from nations that received US tariffs to Indonesia and Laos.

As the government rushes ahead to meet the KMP program's launch date on July 21, it risks leaving behind necessary legal support, including a Finance Ministry regulation currently being drafted and the Cooperatives Law revision being deliberated at the House.

The rupiah was under pressure in the first half of the year, trading near its lowest levels since the Asian financial crisis on the back of US President Donald Trump's sweeping tariffs.

The HKI is urging the government to fulfill its fixed priced for industrial gas, or else open the door to imports if the available domestic supply was not enough to meet demand.

The move came after US President Donald Trump threw months of painstaking negotiations with the EU into disarray by threatening to impose tariffs of 30 percent on the bloc's goods if there is no deal by August 1.

In line with President Prabowo's "3 million homes" program, the MSMEs and housing ministries are preparing to devise a special microcredit scheme for housing next year with a cap of Rp 430 trillion.

South Korea is in a race to reach a compromise trade pact in the hope of avoiding a 25 percent tariff slapped on its exports by Trump that is set to kick in on August 1, after a late start to negotiations with a new president voted in last month.

EU officials insist the bloc remains clear-eyed on the challenges of dealing with the unpredictable US leader, and ready to hit back.

US customs duty collections surged again in June as President Donald Trump's tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported on Friday.

The government says it remains in negotiations to secure a trade deal with Washington before the Aug. 1 deadline.

Trump this week began issuing letters to many US trading partners as he ramps up pressure for more favorable trade deals.

Though a preliminary study is underway on Whoosh's Surabaya extension as a necessary development, the question of who will foot the bill looms large, with the government insistent on not dipping into the state coffers and operator KCIC insisting it can't go it alone.

Apart from tariffs targeting goods from different countries, Trump has rolled out sector-specific duties on steel, aluminum and autos since returning to the White House in January.

Malaysia has reported a string of soft economic data in recent months with growth slowing to 4.4% in the first quarter, while exports unexpectedly fell in May.

Layoffs have continued to rise across the country, especially in labor-intensive sectors such as textiles and footwear.  

The government and House of Representatives  Commission XI, which oversees financial affairs, approved the basic macroeconomic assumptions for the 2026 state budget.

The 14 countries sent letters so far, which included smaller US exporters like Serbia, Thailand and Tunisia, hinted at opportunities for additional negotiations while at the same time warning that any reprisal steps would be met with a like-for-like response.

A government plan to revert from a triennial to an annual basis for mining work plan approvals (RKAB) has drawn mixed reactions from industry players, with some warning of increased uncertainty and red tape but others seeing a chance to boost flexibility and revenue.