Indonesia will not retaliate against Trump tariff, official says
- President Trump imposed a 32% tariff, impacting Indonesia and five other Southeast Asian nations.
- Indonesia's government responded to the levy, its first action, by choosing diplomacy over retaliation.
- Indonesia will gather business inputs to form a strategy, potentially increasing trade with Europe.
- Airlangga Hartarto stated the approach considers long-term trade, investment, and economic stability.
- Jakarta plans to send a high-level delegation to the US for direct negotiations to address tariffs.
24 Articles
24 Articles
Indonesia to ’aggressively’ defend currency after Trump tariffs
Indonesia's central bank said Monday it would "intervene aggressively" in the domestic market to defend its currency hit by US President Donald Trump's sweeping tariffs. Trading is set to resume Tuesday for the first time since Trump last week imposed levies on friends and foes alike, rattling stock markets and alarming governments around the world. Indonesian markets have been closed since March 28 for public holidays, with the rupiah falling t…
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