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View all search resultsDespite Indonesia’s recent success at scoring a significantly lower tariff rate with the United States and finalizing a long-awaited free trade pact with the European Union, experts have warned that the strategic implications behind these rushed decisions made under pressure may lead to future instability.
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.
State-Owned Enterprises (SOEs) Minister Erick Thohir has announced that national flag carrier PT Garuda Indonesia will increase its planned order of Boeing aircraft to 79 planes as part of ongoing import tariff negotiations with the US.
The Southeast Asian nation has the third-biggest trade surplus with the United States of any country after China and Mexico, and was targeted with one of the highest rates in the US president's "Liberation Day" tariff blitz on April 2.
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