Indonesia, US target completion of tariff talks within 60 days

The Indonesian and United States governments have agreed to a 60-day deadline for concluding negotiations regarding the 32 percent tariff imposed on Indonesian products imported into the US, Report informs via Antara.

This announcement was made by Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto at a press conference during his diplomatic visit to Washington, DC, which was followed virtually from Jakarta on April 18.

He noted that several key discussion points, including partnerships in investment and trade, critical minerals, reliability, and supply chain resilience, have also been agreed upon.

"We hope that within 60 days, these points will be translated into agreements between the two nations," he remarked.

Hartarto underlined that President Prabowo Subianto had dispatched a delegation to the US to seek a compromise on the new tariff rate.

The negotiation team has met with several key figures, including Secretary of State Marco Rubio, Secretary of Commerce Howard Lutnick, and US Trade Representative Jamieson Greer. A meeting with US Secretary of the Treasury Scott Bessent is scheduled for next week.

"The government has been actively approaching relevant US officials," the minister stated.

On April 2, US President Donald Trump announced reciprocal tariffs on numerous countries, with Indonesia among those affected.

Other nations in Southeast Asia have been impacted as well, with the Philippines facing a 17 percent tariff; Singapore, 10 percent; Malaysia, 24 percent; Cambodia, 49 percent; Thailand, 36 percent; and Vietnam, 46 percent.

However, on April 9, Trump announced a 90-day pause on the policy’s implementation for most countries, excluding China. Indonesia is among the nations granted the full three-month reprieve.