Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsThe 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.
The court's ruling invalidated a number of tariffs that the Trump administration had imposed on Asian export powerhouses from China and South Korea to Japan and Taiwan, the world's largest chip maker and a key player in tech supply chains.
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.
The US trade deficit widened sharply in December amid a surge in imports, despite President Donald Trump's tariffs on foreign manufactured merchandise, but most of the imports were capital goods, which should support business investment and keep expectations for strong economic growth intact.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.