Ready to anticipate impact of US tariff policy: Indonesia
JAKARTA, Indonesia (MNTV) – The Indonesian government is ready to make policy adjustments, if needed, to anticipate any potential impact of the U.S. increasing tariffs on imported goods.
Investment and Downstreaming Minister Rosan Roeslani said that the adjustments will be made to maintain and increase the competitiveness of the national economy.
Antara news agency quoted the minister as saying that the country will make adjustments in terms of policy if necessary.
He said he believes that by making these adjustments, the government’s desire to create quality jobs in Indonesia can be realized.
“The most important thing that I convey is the creation of quality jobs,” he added.
To face the U.S. trade tariffs, he continued, Indonesia must become more proactive in attracting investor interest, considering that countries in the Southeast Asian region are also doing the same thing.
Earlier, US President Donald Trump announced his plan to apply a 25-percent tariff on all imported steel and aluminum commodities.
Trump’s administration has applied a 10-percent tariff on goods originating from China. In response, Beijing has slapped an additional 15-percent tariff on coal and liquefied natural gas (LNG) from the US.
Trump has also threatened to impose a 100-percent import duty on goods from BRICS countries and a 60-percent tariff on Chinese products, which could further escalate geopolitical tensions and disrupt global supply chains.
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