Jakarta sees minimal fallout from tariff hike


Testing times: A surfer heads into the water to catch some waves on Lhoknga beach, Aceh. Dozens of countries, including Indonesia, have issued travel advisories citing risks of arbitrary detention and volatile security conditions in Iran. — AFP

JAKARTA: Indonesia is not overly concerned about potential new tariffs announced by United States President Donald Trump targeting countries that trade with Iran, the government says, citing the relatively small size of bilateral trade, as Jakarta focuses on wrapping up a trade deal with Washington.

Trump said in a social media post on Monday that Washington would immediately impose a 25% tariff on all goods and services imported from any country that “does business” with Iran, stepping up pressure on Tehran amid weeks of deadly protests.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Sunway wins shareholder approval for RM11bil IJM takeover bid
VS Industry reports 2Q net loss
GuocoLand to table RM1.10-per-share privatisation proposal at EGM
Ringgit weakens against US dollar, other currencies�amid West Asia war
Axis-REIT aborts proposed acquisition of RM800mil industrial property
Kim Loong reports higher 4Q net profit
YTL REIT leases AC Hotel Puchong to YTL Corp unit
Binastra to sustain growth momentum
SC launches FIKRALab to drive development of Islamic capital market products
FBM KLCI ends at day’s low, ringgit hits two-month low

Others Also Read