JAKARTA - President of the United States (US) Donald Trump said he would suspend targeted rates in other countries for 90 days. The postponement of reciprocal tariffs is intended to give US officials time to negotiate with countries that have sought to reduce the rate.
As reported by Reuters on Thursday, April 10, western Indonesia time in the morning, a comprehensive import duty of 10% on almost all US imports will remain in effect, the White House said.
The announcement also does not appear to affect the applicable automotive, steel, and aluminum import duty.
The US stock index jumped higher after the news, with the S&P500 benchmark index up more than 6%. Bond yields fell from the previous high and the dollar strengthened against the safe haven currency.
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