TheJakartaPost
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The administration of President Prabowo Subianto has secured multiple trade agreements in its maiden year, partly thanks to the global pressure of an increasingly protectionist United States, but in bilateral talks with the US itself, Indonesia gave much and got little.
Decisions by most countries to not retaliate against US President Donald Trump's tariffs are among the top factors bolstering the global economy's resilience, IMF Managing Director Kristalina Georgieva said on Tuesday.
The European Union plans to appeal a World Trade Organization ruling against Brussels’ import duties imposed on biodiesel from Indonesia, meaning the case is set to remain in limbo at the WTO’s paralyzed Appellate Body.
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.
