Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, July 22
    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

    How could El Niño and climate change impact your investments?

    July 17, 2026
    Commodities

    Commodities: Forward curves and carry framework – Societe Generale

    July 13, 2026
    Commodities

    What Are Commodities and How Do You Trade Them?

    July 13, 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
    Finance

    « Internet, la plus grande bureaucratie jamais créée », séminaire à Paris

    June 30, 2025
    Property

    Capital gains tax on property

    August 11, 2025
    Commodities

    Commodities favoured in rotation from stocks and bonds

    April 28, 2014
    What's Hot

    Benjamin Cowen Says Bitcoin Potentially Setting Up for ‘Really Nice Rally’ To Finish Off 2025 – Here’s His Outlook

    September 4, 2025

    Why investors are putting their money behind San Antonio startups

    October 15, 2024

    Bitcoin as Digital Gold: A Central Bank Hedge Against Sovereign Debt (2026)

    February 4, 2026
    Most Popular

    Top Reasons Why Strategy Stock is Outperforming Bitcoin

    May 2, 2026

    Transcript : PICC Property and Casualty Company Limited, 2024 Earnings Call, Mar 28, 2025

    March 27, 2025

    Spirit Airlines to slash jobs, sell 23 jets amid looming financial struggles

    October 27, 2024
    Editor's Picks

    Coinbase Wrapped Bitcoin Has Potential to Dominate Market, Say Experts

    August 14, 2024

    Budget has steps to trigger consumption, but they are not in the nature of direct cash transfers, says Finance Secretary T.V. Somanathan

    July 28, 2024

    Trafigura’s strategy boss to leave in latest senior departure

    June 19, 2025
    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.