Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, April 6
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Commodities»Indonesia Hit by Trump’s 19% Tariff as of August 7, Minister Says Talks Still Ongoing
    Commodities

    Indonesia Hit by Trump’s 19% Tariff as of August 7, Minister Says Talks Still Ongoing

    August 7, 20252 Mins Read


    TEMPO.CO, Jakarta –Trade Minister Budi Santoso announced that the United States’ reciprocal tariff on Indonesian goods, set at 19 percent, officially took effect today, Thursday, August 7, 2025.

    “The reciprocal tariff is effective from August 7, but negotiations are still ongoing,” Budi said at the Ministry of Trade office.

    He added that the Indonesian government continues to push the US to lower tariffs on several Indonesian commodities that are not produced domestically in the US. “The target is 0 percent,” he stated, noting that the government aims to conclude negotiations before September 1, 2025.

    Coordinating Minister for Economic Affairs Airlangga Hartarto also commented on the development, pointing out that the 19 percent tariff imposed on Indonesia is among the lowest in Southeast Asia, apart from Singapore, which enjoys a 10 percent rate.

    “Almost all ASEAN countries are nearing the end of their negotiations, and except for Singapore, the minimum tariff for ASEAN countries is 19 percent,” he said.

    Despite the tariff, Airlangga believes Indonesia still has strong potential to compete in the US export market. This is especially true when compared to India, its main rival in the textile and textile product (TPT) sector, which faces a 25 percent US tariff.

    “A level playing field allows us to improve our competitiveness and push for lower tariffs on goods the US does not produce,” he added.

    Airlangga also noted that certain Indonesian commodities already enjoy a 0 percent tariff, such as copper concentrate and copper cathodes. These, he explained, align with the ongoing bilateral discussions on mineral trade.

    “This aligns with strategic talks on minerals, including copper. The US has acknowledged this too. Indonesia sees these as industrial commodities, meaning processed products beyond raw ore, which also matches the statement by the US Trade Representative,” Airlangga concluded.

    Annisa Febiola contributed to the writing of this article.

    Editor’s Choice: Trump Slaps 25% Tariff on Indian Imports for Buying Russian Oil, Total Now 50%

    Click here to get the latest news updates from Tempo on Google News





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleFTSE 100: UK Rate Decision Looms as Inflation and Growth Concerns Collide
    Next Article Bitcoin Support Retest Draws Comparisons to November 2024 Breakout

    Related Posts

    Commodities

    Rare earth: the commodities powering our AI future | Global X: Invest in innovation

    April 1, 2026
    Commodities

    Commodities as a Portfolio Hedge: A Beginner’s Guide

    March 25, 2026
    Commodities

    Why The Next Billion-Dollar Startup Will Be Built Around Commodities

    March 23, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    The great software stock meltdown

    February 15, 2026
    Stock Market

    Stock market today: Asian stocks track Wall Street gain with Nvidia report and bitcoin surge

    November 21, 2024
    Bitcoin

    Gold tumbles, oil spikes, but why is Bitcoin racing to $71K?

    March 19, 2026
    What's Hot

    Here’s When Bitcoin (BTC) Price Could Finally Bottom Out: Expert

    October 30, 2025

    Ex-company director misappropriated S$7 million under guise of property development in China

    May 20, 2025

    CLARITY Act Odds, Bitcoin Drop as Trump Skips Crypto in State of the Union Speech

    February 25, 2026
    Most Popular

    3 Reasons Why Bitcoin Price Is Rising amid US Operation in Venezuela

    January 4, 2026

    BTC upgrade against quantum computing threat might take years

    December 22, 2025

    Pourquoi GameStop a vendu Crypto avant son dernier pari Bitcoin

    March 27, 2025
    Editor's Picks

    Belém COP30 delivers climate finance boost and a pledge to plan fossil fuel transition

    November 22, 2025

    Top AI Apps for Budgeting and Investing 2026

    March 7, 2026

    Most Investors Buy BTC via Bitcoin ETFs

    October 19, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.