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View all search resultsThough the Supreme Court's ruling against Trump's sweeping tariffs has left Jakarta with less clarity regarding the newly signed US-Indonesia ART, it has at least opened a door to the possibility of reworking the deal so its terms are fairer.
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.
The court's landmark 6-3 ruling upended the leverage Trump and his trade envoys have wielded over foreign governments, both allies and foes, at negotiating tables around the world to reshape diplomatic relations and global markets.
Judges with the Depok District Court in West Java allegedly asked for a Rp 1 billion (US$59,266) fee in exchange of expediting the execution of a land dispute ruling made in 2023 in favor of a property company under the Finance Ministry.
US President Donald Trump said the United States faced an economic and national security disaster if the Supreme Court ruled against his use of an emergency powers law to impose sweeping tariffs against nearly every country.
Bolsonaro has been under house arrest for three months for violating precautionary measures related to his alleged attempts to persuade United States President Donald Trump to interfere in his criminal case.
Coordinating Economy Minister Airlangga Hartarto said on Monday that the government had only granted PSN status to the tourism-related segment of the project, not its broader real estate development and that the delisting followed a formal review.
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