The latest tariff deal with the United States has provided major relief to Indonesia’s labor-intensive industries, especially the textile sector, which

Secretary of the Coordinating Ministry for Economic Affairs Susiwijono Moegiarso stated that the government is still waiting for an official statement from President Trump.

The US tariff deal with Indonesia is set to ease critical mineral export restrictions from the Southeast Asian country to the US, the White House said Tuesday.

The Trump administration expects that Indonesia’s decision to bring down trade barriers will result in at least $50 billion in additional market access for US goods.

Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by Reuters.

President Donald Trump announced new trade agreements with Japan, the Philippines and Indonesia this week as the Trump-imposed August 1 tariff deadline approaches. The U.S.–Japan agreement reduces planned tariffs on Japanese exports from 25% to 15% in exchange for a $550 billion Japanese investment in U.

Taiwan’s leader Lai Ching-te suffered a string of high-profile political setbacks over the past week, wounding his presidency at home and abroad. With a US tariff deadline looming, things could get worse.