Coordinating Minister for Economic Affairs (Menko) Airlangga Hartarto\nrevealed that the Indonesia-United States (US) trade tariff rate has\ndecreased to 15 percent from the previous 19 percent.<\/p>\n
US President Donald Trump announced a global tariff rate of 15% as a\nresponse to a Supreme Court decision that nullified previous import\nduties on Friday (21 February).<\/p>\n
\u201cThe global tariff (imposed by the US) is 15%, so the global tariff\nof 15% applies. This amounts to a discount to 15%,\u201d said Airlangga at\nthe Ministry of Manpower office in Jakarta on Friday (27 February).<\/p>\n
He emphasised that the Indonesian and US governments are currently\ndiscussing the continuation of the Reciprocal Trade Agreement (ART)\nbetween Indonesia and the US. Consequently, the agreement signed by both\ncountries on Thursday (20 February) remains in force, particularly\nregarding the implementation of 0% tariffs for certain products.<\/p>\n
Airlangga also confirmed that the ART has not been cancelled, as the\nagreement will only take effect after 90 days and following a\nratification process.<\/p>\n
\u201cIt is not cancelled (the ART); it will only take effect after 90\ndays and after ratification,\u201d he stated.<\/p>\n
Under the trade agreement, both countries have agreed to implement 0%\ntariffs for several commodities. Indonesian products receiving this\nfacility include palm oil, cocoa, spices, rubber, electronic components\nincluding semiconductors, and aircraft components.<\/p>\n
For textiles and textile products (TPT), 0% tariffs will also be\napplied to specific import volumes to be determined later through a\nquota volume scheme or tariff rate quota (TRQ) scheme, adjusted\naccording to cotton usage and artificial fibre inputs from the US.<\/p>\n
\u201cSeveral commodities will maintain 0% tariffs,\u201d said the Golkar Party\npolitician.<\/p>\n
He added that the removal of import duties for over 1,600 sectors is\none of Indonesia\u2019s key strategies to drive market expansion.<\/p>\n
\u201cIf the entry cost is 0% for more than 1,600 sectors, that is one of\nour main strategies. So it is hoped that the market can expand,\u201d he\nasserted.<\/p>\n
According to him, several commodities that currently receive 0%\ntariffs have essentially already enjoyed this facility previously.<\/p>\n
\u201cThose that were at 0% are still at 0% now,\u201d he concluded.<\/p>\n
Indonesian Chamber of Commerce (Kadin Indonesia) Chairman Anindya\nNovyan Bakrie emphasised the importance for businesses to carefully\nreview the trade tariff scheme between Indonesia and the United States\n(US).<\/p>\n
The Indonesia-US agreement has its own mechanism that is not directly\naffected by the court decision.<\/p>\n
Airlangga also revealed that the trade agreement regarding the\nsetting of tariffs at 19% for Indonesian products entering the US will\nbe continued with the US government.<\/p>\n
Additionally, Coordinating Minister for Economic Affairs Airlangga\nHartarto stated that the Temporary Direct Cash Assistance for Welfare\n(BLTS Kesra) programme will have a significant impact on economic growth\nin the fourth quarter of 2025.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/airlangga-indonesia-us-trade-tariff-falls-to-15-1772190257", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }