JAKARTA - Minister of Finance (Menkeu) Sri Mulyani Indrawati also highlighted increasingly uncertain global dynamics, especially after US President Donald Trump threatened to impose an additional 10 percent tariff on countries deemed to support anti-American policies from the BRICS group.
"We are looking at today that the President (Prabowo) was at the BRICS meeting with leaders and then President Donald Trump made a statement that the BRICS group was considered not to support America, thus threatening to submit additional tariffs. This is to illustrate that in an atmosphere like this, we will continue to be faced with a very dynamic atmosphere," he told the media crew, Monday, July 7.
Sri Mulyani said the government would continue to follow the existing developments. Currently, Indonesia is said to be still in the process of negotiating negotiations with the US.
"We will continue to follow because Indonesia is still in the process of talking to the American government, so we are trying," he said.
For information, Trump's strong statement comes after BRICS member countries expressed serious concern over the increasing unilateral actions in the form of tariffs and non-tariff barriers that were deemed to be disrupting global trade and contrary to World Trade Organization (WTO) rules in a joint statement on July 6, 2025.
"We express serious concerns about the increasing unilateral actions in the form of tariffs and non-tariffs that distort trade and are not in line with the World Trade Organization (WTO) regulations," explains BRICS.
In a statement, BRICS reiterated its support for a regulatory, open, transparent, fair, inclusive, equivalent, non-discriminatory, and consensus-based multilateral trading system, with the WTO as its main pillar, as well as this support also includes the application of special and different treatment (Special and Differential Treatment/S&DT) for developing WTO member countries.
"We emphasize that the WTO, which is now entering its 30th anniversary, remains the only multilateral institution with the mandate, expertise, universal reach, and capacity needed to lead various dimensions of international trade discussions, including in negotiations on new trade rules," he explained.
Furthermore, BRICS recalled the commitments that had been agreed upon at the 12th WTO Ministerial Conference and reaffirmed at the 13th Ministerial Conference to encourage comprehensive reform of WTO. This reform is considered important in order to maintain organizational relevance and restore the credibility of the multilateral trading system.
"We remain committed to immediately returning the WTO dispute resolution system that can be accessed, effective, fully functioning, and binding at two levels," he said.
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In response to the criticism, Trump through the Truth Social account delivered a stern warning by threatening to give an additional 10 percent import rate to any country in favor of BRICS' anti-American policy.
"Any country that takes sides with BRICS' anti-American policy will be subject to an additional 10 percent tariff. There will be no exceptions to this policy," he said.
To note, BRICS members include Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Iran, and Indonesia who have just joined.
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