Indonesia announced on Friday ( April 18 ) that it would increase oil and gas imports from the US as part of a deal to lower Washington’s threatened stiff tariffs, and that the talks would be finished in 60 days.
After meeting with Commerce Secretary Howard Lutnick, Trade Representative Jamieson Greer, and Secretary of State Marco Rubio, Chief Economic Minister Airlangga Hartarto and other members made the remarks.
According to Airlangga,” Indonesia will increase the order of strength from the US, including LPG ( liquefied petroleum gas ), crude oil, and gasoline.”
Indonesia also intends to continue purchasing agricultural goods from the US, for as grains, soy, and soy milk.
He stated that the group was looking forward to meeting with US Treasury Secretary Scott Bessent the following year, noting that Indonesia was one of the first nations to sign up for negotiations.
He added that Indonesia promised to provide easier mandates and opportunities for American businesses operating in Indonesia.
The 32 % tariffs on Indonesia were among Asia’s highest in Donald Trump’s” Liberation Day” announcement on April 2. However, it was given a 90-day delay to allow for conversations, just like most other nations.
Indonesia and the US have come to an agreement to finish the discussions within 60 times, and the research construction or construction has been established, according to Airlangga.
According to statistics from the US Trade Representative Office, Washington’s goods trade imbalance with Jakarta increased by 5.4 % year over year to reach US$ 17.9 billion.
Sri Mulyani, the minister of finance, announced this month that Indonesia would reduce import taxes on some goods from 2.5 % to 0.5 %, including mobile phones and laptops.
Additional products, such as US material and medical technology, would be subject to lower trade duties of 0 to 5 percent, down from 5 to 10 percent, she said.