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For its part, the EU has already prepared a list of tariffs worth 21 billion euros ($24.5 billion) on US goods if the two countries fail to reach a trade deal, Italian Foreign Minister Antonio Tajani said on Monday.
3 days agoSouth Korea is in a race to reach a compromise trade pact in the hope of avoiding a 25 percent tariff slapped on its exports by Trump that is set to kick in on August 1, after a late start to negotiations with a new president voted in last month. ...
3 days agoEU officials insist the bloc remains clear-eyed on the challenges of dealing with the unpredictable US leader, and ready to hit back. ...
3 days agoData from the General Administration of Customs said exports rose 5.8 percent year-on-year, topping the five percent forecast in a Bloomberg survey of economists.
3 days agoInvestors have become largely inured to Trump's chaotic policy methods and stocks eased only modestly.
3 days agoIndustrial estate managers say US import tariffs and anti-China trade policies are a burden on their business, forcing them to resort to operational and regulatory measures, as well as diversification, to ensure their global competitiveness.
4 days agoThe tender will prioritize Japanese firms, as the project is being financed by the Japan International Cooperation Agency (JICA) with cofinancing from the Asian Development Bank (ADB).
4 days agoPresident Donald Trump on Saturday targeted Mexico and the European Union with steep 30 percent tariffs, dramatically raising the stakes in already tense negotiations with two of the largest US trading partners.
5 days agoUS customs duty collections surged again in June as President Donald Trump's tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the month, the Treasury Department reported on Friday.
5 days agoIndonesia is among the top countries globally in the number of artificial intelligence (AI) users but lags far behind in AI development, revealing a yawning digital talent gap.
5 days agoThe government says it remains in negotiations to secure a trade deal with Washington before the Aug. 1 deadline.
6 days agoThe National Nutrition Agency (BGN) has requested an additional Rp 118 trillion (US$7.27 billion) to finance the free nutritious meals (MBG) program through the end of 2026, citing a projected shortfall in the initial budget allocation.
6 days agoIn 2023, Indonesia exported US$1.5 billion worth of goods to Mercosur countries, ranging from coconut and crude palm oil to vehicle parts, while imports from the bloc reached $6.2 billion, dominated by oil cake, sugarcane and wheat.
6 days agoChina's economy is expected to have expanded more than five percent in the second quarter thanks to strong exports, analysts say, but they warned Donald Trump's trade war could cause a sharp slowdown in the final six months.
6 days agoTrump this week began issuing letters to many US trading partners as he ramps up pressure for more favorable trade deals.
6 days agoUS and European stock futures dipped in Asia on Friday after President Donald Trump stepped up tariff threats against Europe and Canada, restraining an early rally in regional share markets.
6 days agoAs part of its commitment to promote smart living through better financial decisions, PT LG Electronics Indonesia (LG) recently held an event focused on parenting and financial planning for the modern household.
6 days agoExperts slammed the lack of infrastructure in Kertajati Airport in West Java, calling it “a symbol of megaproject failure.”
6 days agoThe Centre for Strategic and International Studies (CSIS) Indonesia believes United States President Donald Trump is likely to ultimately impose a uniform tariff rate on Indonesia and other countries in the region.
1 week agoThough a preliminary study is underway on Whoosh's Surabaya extension as a necessary development, the question of who will foot the bill looms large, with the government insistent on not dipping into the state coffers and operator KCIC insisting it can't go it alone.
1 week agoThe sovereign wealth fund deployed US$277 million in capital between January and May this year, bringing the fund's overall disbursement over the past five years since its inception to $4 billion.
1 week agoRecovery continued to elude the four-wheel vehicle market in the January-June period amid ongoing weak consumer demand, with local multi-finance companies, which typically rely on car loans, posted modest year-on-year growth of 2.8 percent in May.
1 week agoApart from tariffs targeting goods from different countries, Trump has rolled out sector-specific duties on steel, aluminum and autos since returning to the White House in January.
1 week agoLula made the remarks during talks with President Prabowo Subianto.
1 week agoAsian markets mostly rose Thursday on optimism that governments will hammer out deals to avoid the worst of US President Donald Trump's tariffs even after he broadened his range of measures.
1 week agoTrump said he would “consider an adjustment” if Indonesia eliminates its tariff and nontariff barriers.
1 week agoThe government on Wednesday handed over nearly 400,000 hectares of seized palm oil plantations to Agrinas Palma Nusantara, giving the new state company a sizeable land bank that could make it one of the world's biggest oil palm growers.
1 week agoMalaysia has reported a string of soft economic data in recent months with growth slowing to 4.4% in the first quarter, while exports unexpectedly fell in May.
1 week agoRetail sales and consumer confidence saw slight improvements in June according to preliminary RSI data, which attributed the uptick to "seasonal factors” including Idul Adha and the school holiday.
1 week agoState-Owned Enterprises (SOEs) Minister Erick Thohir has announced that national flag carrier PT Garuda Indonesia will increase its planned order of Boeing aircraft to 79 planes as part of ongoing import tariff negotiations with the US.
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