JAKARTA - Presidential Special Advisor to International Trade and Multilateral Cooperation Mari Elka Pangestu said the US trading rate negotiating team was trying its best to lower the reciprocal rate below 32 percent.
"Of course we have to reduce it as much as possible from 32 percent, if we look at what the UK gets 10 percent, if we can get 10 percent much better," said Mari in a brief interview in Jakarta, quoted by Antara, Friday, July 4.
Let's explain that the reciprocal rate is actually 22 percent, of which 10 percent is the universal tariff for all parties, and 22 percent is a 50 percent discount from the US calculation for the reciprocal rate.
"But whether we will be given zero, or only reciprocal tariffs, or part of the reciprocal tariff. This is the material for negotiations and requests and officials that are currently underway," added the minister of trade for the 2004-2011 period.
He also hopes that at least the resiprocal tariff for Indonesia is below 20 percent 'referring to Vietnam which is subject to a tariff of 20 percent' emphasizes that everything is still in the negotiation process.
Let's also argue that there are still some things that still need to be resolved in the tariff negotiations between the US and China, Vietnam and the UK, adding there is a possibility that there will still be negotiations or dialogue that will take place after the July 9 deadline.
On April 2, US President Donald Trump announced a rate increase of at least 10 percent to many countries around the world, including Indonesia, on goods entering the country.
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According to the White House upload on Instagram, Indonesia is in eighth place on the list of countries affected by the US tariff increase, with a total of 32 percent.
Trump, on July 2 confirmed that he would not consider delaying the July 9 deadline for the re-implementation of import rates.
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