22 Apr '25
(Fibre2Fashion News Desk (DS): The United States and Indonesia recently agreed to a 60-day deadline for concluding talks related to the 32-per cent tariff imposed on Indonesian products exported to the former.
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto announced this at a press conference during his visit to Washington, DC.
Insights
The US and Indonesia have agreed to a 60-day deadline for concluding talks on the 32-per cent US tariff imposed on Indonesian products.
Many key points, including partnerships in investment and trade, critical minerals, reliability, and supply chain resilience, have also been agreed upon.
Washington has also been briefed on Jakarta's initiatives aimed at facilitating greater US investment.
Many key discussion points, including partnerships in investment and trade, critical minerals, reliability, and supply chain resilience, have also been agreed upon, he said.
President Prabowo Subianto has dispatched a delegation to the United States to seek a compromise on the new tariff rate, he said.
Indonesian Foreign Minister Sugiono earlier held a bilateral meeting with US secretary of state Marco Rubio in Washington, DC.
Sugiono also briefed his US counterpart on Jakarta’s initiatives aimed at facilitating greater US investment, according to an Indonesian news agency. (Source: Fibre2Fashion.com)