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Indonesia Nickel Miners Urge Government to Maintain Three-Year Mining Quota

  • Facing a 32 percent US tariff threat, Indonesia offers to boost US oil, gas, and mineral imports to avoid harsher duties, as part of ongoing negotiations for a $34 billion MoU.
  • US Trade Representative data shows Indonesia had a $17.9 billion goods surplus in 2024, with a 5.4% rise from the previous year.
  • Indonesia and US private companies plan joint investments in EV batteries and critical minerals, focusing on brownfield expansion projects to strengthen trade ties ahead of the July 7 agreement deadline.
  • Beyond Indonesia, many countries are scrambling to secure similar trade agreements, with the US-Vietnam pact struck just a week before tariffs highlight the global competition for strategic deals.
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Bloomberg broke the news in United States on Thursday, July 3, 2025.
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