US Import Tariffs Have No Direct Impact On The Indonesian Mining Industry
JAKARTA - Executive Director of the Indonesia Mining Association (IMA) Hendra Sinadia said the reciprocal tariff imposed by the United States had no major effect on the Indonesian mineral mining industry.
Moreover, he said, almost no mineral exports were made by Indonesia to the United States.
Based on his records, RI only exports mineral and coal worth 10 million US dollars and is still relatively small.
"Yes, but if the data is not wrong, it's only 10 million US dollars or how much, so it can be said that there is no direct impact because there is no export there, including nickel. Why not? Because it's far away, it's better if we export it to ASEAN or to China," said Hendra, Wednesday, July 23.
The impact that Indonesia will feel will actually come from Asia when industries in East Asia such as Japan, Korea, and China are slowing down due to the reciprocal tariff to the United States.
This effect, Hendra said that the East Asian country's industry, which cannot absorb minerals and coal from Indonesia, has resulted in demand for Indonesia to slow down.
"Well, if the industries in these countries (Japan, South Korea, and China) are affected, their demand for our superior commodities can eventually be indirectly affected," explained Hendra.
SEE ALSO:
Presiden Amerika Serikat Donald Trump mengeluarkan dokumen yang menyebut Indonesia akan menghapus sejumlah pembatasan ekspor termasuk mineral kritis.
Hal ini merupakan salah satu kesepakatan agar pemerintah AS menurunkan tarif resiprokal sebesar 32 persen menjadi 19 persen.
SEE ALSO:
United States President Donald Trump issued a document saying Indonesia would remove a number of export restrictions including critical minerals.
This is one of the agreements for the US government to lower the reciprocal rate by 32 percent to 19 percent.