Overview

• Indonesia has lowered import taxes on U.S. steel, mining products, and health equipment to between 0% and 5%, down from rates of 5% to 10%.
• Import taxes on electronics, mobile phones, and laptops from any country have been reduced to 0.5% from 2.5%.
• A high-level delegation led by Chief Economic Minister Airlangga Hartarto will travel to the U.S. next week to negotiate and mitigate the tariff's impact.
• Indonesia plans to purchase liquefied petroleum gas, liquefied natural gas, and soybeans from the U.S. as part of its strategy to offset trade tensions.
• The measures aim to protect Indonesia’s $16.8 billion trade surplus with the U.S., its third-largest export destination in 2024.