Trump announces trade deal with Indonesia, 19% tariff
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Chairperson of the National Economic Council (DEN) Luhut Binsar Pandjaitan responded to the decision of the President of the United States of America, Donald Trump, who lowered import tariffs from 32 percent to 19 percent for Indonesian export products.
Indonesia's central bank cut rates on Wednesday for the fourth time since September and said a revised tariff deal with the United States was positive for Southeast Asia's biggest economy amid weakening global trade and slowing domestic demand.
The tariff would be collected from miners only when coal prices are high, with authorities potentially including it in the 2026 budget plan.