Jakarta sees minimal fallout from tariff hike - News Summed Up

Jakarta sees minimal fallout from tariff hike


Indonesia is not worried and is focused on concluding negotiations with the United States,” Coordinating Economy Ministry spokesman Haryo Limanseto, said on Tuesday. An Agreement on Reciprocal Trade is expected to be signed by President Prabowo Subianto and Trump in Washington, subject to the talks proceeding as planned. Indonesian exports amounted to US$195.1mil, while imports totalled just US$11.7mil, resulting in a US$183.4mil trade surplus for the archipelago. Indonesia and Iran also have a preferential trade agreement, signed in 2023, which is aimed at reducing import tariffs on hundreds of tariff lines. Iran’s main trading partners include China, Turkiye, the United Arab Emirates and Iraq, according to economic database Trading Economics.


Source: The Star January 14, 2026 22:37 UTC



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