Indonesia will emphasize its strategic role in global trade—particularly in natural resources as it advances negotiations to reduce a 32% tariff set to be imposed by the US, a government official said on Wednesday.
Haryo Limanseto, spokesperson for the Ministry of Economic Affairs, said Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto who is leading the negotiation team is scheduled to meet with US Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and other officials.
However, no specific timeframe for the meetings was provided. The 32% tariff on Indonesian goods is scheduled to take effect on August 1, unchanged from the level previously announced by Washington in April. Last week, Hartarto said Indonesia had proposed reducing its tariffs on US products to near zero and offered to increase purchases and investment from the US, totaling approximately USD 34 billion.
Source: Fxstreet
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