Is There Hope of Overcoming the Trump Tariffs?
The Indonesian government pledges structural reforms and deregulation in response to the “Trump Tariffs.” But clarity and credibility remain elusive.
Yopie Hidayat
April 7, 2025

GLOBAL financial markets were roiled last week following a sweeping announcement from United States President Donald Trump: the imposition of new import tariffs across all of America’s trading partners, without exception. In addition to a flat 10 percent tariff applied universally, Washington has introduced a reciprocal surcharge targeting countries that run trade surpluses with the United States. Indonesia has not been spared—its exp
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