The tariffs -- which are paid in the first instance by US importers -- will likely push up the price of many household items in the United States and reduce consumers' spending power. 

China is more exposed to the risk of shrinking world commerce than any other nation, with economic growth last year relying heavily on running a trillion-dollar trade surplus.

Indonesia, which enjoyed a $16.8 billion surplus in trade with the United States last year, now faces a steep 32 percent tariff on goods exported to the US market.

Six of the nine Southeast Asian countries listed by Trump were slapped with much bigger-than-expected tariffs of between 32 percent and 49percent. By comparison, the level for the European Union was 20 percent.

According to the latest S&P Global report released on Monday, Indonesia’s manufacturing Purchasing Managers’ Index (PMI) dipped to a reading of 52.4 in March from 53.6 in February.

The government has dismissed a suggestion that less money circulated during Idul Fitri this year compared to previous years.

The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no details about the size and scope of trade barriers that have businesses, consumers and investors fretting about an intensifying global trade war.

Asia's factory activity mostly weakened in March as an intensifying US tariff war and slowing global demand hurt business sentiment, private sector surveys showed on Tuesday, darkening the outlook for the region's economy.

South Korea, China and Japan held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the three Asian export powers brace from US President Donald Trump's tariffs.

Indonesia is producing more chicken eggs than the domestic market needs, and the government is looking at other markets to handle the surplus.

Britain's government is hoping to reach a last-minute post-Brexit trade agreement with Washington to avoid -- or at least mitigate -- more tariffs set to be announced on Wednesday by US President Donald Trump. 

China's President Xi Jinping met with global CEOs in Beijing on Friday, as the government tries to woo foreign firms whose investment could give the ailing Chinese economy a boost and help insulate it against simmering geopolitical tensions.

The Coordinating Economic Minister downplayed Tuesday's temporary plunge to a record low in a doorstep interview on Wednesday, saying that currency fluctuation was “normal” and pointing to external factors as the cause, without elaborating.

The decision came after Prabowo held a meeting with New Development Bank (NDB) president Dilma Vana Rousseff at the State Palace in Jakarta on Tuesday.

The national currency temporary hit its lowest rate since the 1998 Asian Financial before inching back up to Rp 16,580 per dollar on Tuesday evening, the depreciating trend caused by investors jittery about the incoming US tariffs and geopolitical uncertainty, as well as domestic pressures.

Stocks are the second-largest component of life insurers' investment portfolios, after government bonds.

New sovereign fund Danantara Indonesia on Monday unveiled its "dream team" to chart its strategy, which included ex-presidents and advisory roles for hedge fund manager Ray Dalio, economist Jeffrey Sachs and influential former Thai premier Thaksin Shinawatra.

The event industry in Bali is under pressure from austerity measures, according to industry representatives, with significant revenue declines recorded as a result of reduced government trips and events.

Credit rating agencies warn that a downgrade could be on the horizon if the government struggles to sustain economic growth or allows the fiscal deficit to widen by prioritizing political commitments over prudent financial management.

US Senator Steve Daines, a strong supporter of President Donald Trump, met with China’s economy tsar, Vice Premier He Lifeng, on Saturday, marking the first visit by a US politician to Beijing since Trump returned to the White House.

Worth hundreds of billions of euros, the so-called spending "bazooka" has been pushed by the likely next chancellor Friedrich Merz, whose center-right CDU/CSU won elections last month and is now in coalition talks with the center-left Social Democrats (SPD).

Donald Trump's top trade chief, Jamieson Greer, plans to speak with his Chinese counterpart next week, the US president said on Friday amid an escalating tariff war.

As Idul Fitri approaches, tens of millions of employees look forward to their annual holiday bonus (THR). To some, it’s a well-deserved reward to be used for instant gratification, but financial planners suggest keeping at least some for a rainy day.  

According to the National Nutrition Agency (BGN), which runs the free nutritious meal program, the new injection is expected to cover the cost of the full-scale program, estimated at Rp 25 trillion per month, once it launches in September

US President Donald Trump on Thursday invoked emergency powers to boost domestic production of critical minerals used widely across the economy as part of a broad effort to offset China's near-total control of the sector.

Indonesian factories have laid off almost as many workers in the first two months of this year as in all of 2024, a labor union says, but the government counters that newly created jobs make up for the ones lost.

A leading business groups predicts a 12.3 percent decline in money circulation compared to last year’s Islamic festive season as the Transportation Ministry expects fewer people to leave urban centers for their hometowns.

Officials began lifting borrowing costs last year after nearly two decades of ultra-loose monetary policies aimed at kickstarting torpid growth in the world's number four economy.

Industry Ministry data show the total manufacturing workforce expanded from 17.43 million in 2020 to 19.96 million by the end of last year.

Exports from Indonesia’s manufacturing and agriculture sectors have seen strong growth thanks to a considerable boost from crude palm oil (CPO) and machinery, but the mining industry has suffered a sharp annual decline.