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Filtering by entity: His Excellency Prabowo Subianto | Clear Filter
Summary:The White House communicates to the President of Indonesia the United States' decision to impose a 32% tariff on all Indonesian products starting August 1, 2025, citing persistent trade deficits caused by Indonesian tariffs and trade barriers, and warns of increased tariffs if Indonesia retaliates.
Sentiment:Directive
Key Claims:
- The United States has a significant and persistent trade deficit with Indonesia, caused by Indonesia's tariffs, policies, and trade barriers.
- The United States will implement a 32% tariff on all Indonesian products starting August 1, 2025.
- Goods transshipped to evade higher tariffs will be subject to higher tariffs.
- The 32% tariff is less than what is needed to eliminate the trade deficit.
- No tariffs will be applied if Indonesian companies build or manufacture products within the United States.
- Should Indonesia raise its tariffs, an additional tariff equivalent to Indonesia's increase will be added to the U.S.'s 32% tariff.
- Unsustainable trade deficits are a major threat to the U.S. economy and national security.
Potential Market Impact (S&P 500):5/10
Potential Geopolitical Risk:5/10
Potential Global Cross-Asset Impact:5/10
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