Trump Implements 25 Percent Tariff For Steel-Aluminum, Sri Mulyani Says She Can Influence The Global Economy

Minister of Finance Sri Mulyani Indrawati. (Photo: Doc. ANTARA)

JAKARTA - Finance Minister Sri Mulyani Indrawati stated that the current global economic development continues to surprise many parties.

Sri Mulyani said that one of the policies of the President of the United States (US) Donald Trump, which charges 25 percent on steel and aluminum imports to the US, will affect the global economy.

"Recently, I think all of you have followed not only the application of tariffs for Canada, China, and Mexico, but also the latest for steel and aluminum, which will be charged a tariff of 25 percent. This will certainly have a major impact on supply chains, as well as global economic prospects," Sri Mulyani said at the Mandiri Investment Forum 2025 event, Tuesday, February 11.

Sri Mulyani said institutions such as the International Monetary Fund (IMF) and Economic Cooperation and Development Organizations (OECD) had identified the risk of a decline in the global economy due to deglobalization and policies that prioritize the interests of their respective countries.

"This has become more like unilateral and less cooperative, so disturbances and tensions will occur," he explained.

Taking this into account, Sri Mulyani said that by 2025, global economic performance will tend to weaken or stagnate, and this condition is expected to continue until 2026, until a new balance is reached in a geopolitical relationship that is stable and accepted politically.

"This is the time for all leaders and countries to continue to be open-minded and also very alert to the direction of the global economy and its policies," he said.