Indonesia, U.S. Set 60-Day Deadline for Tariff Negotiations

Indonesia and the United States have agreed to a 60-day deadline to finalize negotiations over the 32% tariffs imposed on Indonesian products entering the U.S., with both sides optimistic about reaching a formal agreement within this timeframe. Indonesian officials, led by Coordinating Minister for Economic Affairs Airlangga Hartarto, have held meetings with top U.S. officials and established a technical roadmap focusing on trade and investment partnerships, critical mineral cooperation, and supply chain resilience. As part of the negotiation strategy, Indonesia has offered to increase imports of U.S. energy and agricultural products and is considering tax and regulatory adjustments to facilitate U.S. businesses operating in Indonesia. The goal is to ensure that tariffs on key Indonesian exports, such as textiles, furniture, and shrimp, are competitive with those applied to other countries. Indonesia is among the first Asian nations to be formally accepted by the U.S. for these tariff talks, reflecting the significance of the bilateral relationship. Subsequent negotiation rounds are planned, and both governments aim to translate the agreed framework into a mutually beneficial agreement.