JAKARTA - Minister of Trade (Mendag) Budi Santoso said negotiations with the South American government (US) were still ongoing. The government, he continued, hopes that tariffs can still be lowered for commodities that are not produced in the country.
Although, Budi admitted that he could not divulge what types of commodities were not produced in Uncle Sam's country. This is because the negotiation process is still ongoing.
"So I can't convey the commodities yet. But in this negotiation process, we also want to get a reduction in tariffs, such as for example for commodities that are not produced by the US," he said at a press conference at the Indonesia Trade Performance Semester I-2025 at the Ministry of Trade office, Central Jakarta, Monday, August 4.
Budi emphasized that negotiations between the Indonesian-US government were still ongoing until an agreement was reached. He also believes that the import rate of 19 percent for such Indonesian products may still be lowered again before September 1, 2025.
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"Indeed, we get 90 percent of the reciprocal one, it applies 7 days after July 31, right in the announcement. And now the negotiation process is still running, hopefully before September 1 (2025) it will be finished," he said.
For your information, on July 31, the US President, Donald Trump, signed a decree that officially charges starting from 15-41 percent for products supplied to the US from more than 60 countries.
The tariff was originally expected to take effect on Friday, August 1, but the latest report said that the tariff would only be effective on August 7, 2025.
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