The United States has reduced the tariff on Indonesian export products from 32% to 19%, making it one of the countries with lower tariffs in ASEAN. According to a report from the Office of the Chief Economist (OCE) of Bank Mandiri Indonesia dated July 16, 2025, there are differences in export tariffs to the US among ASEAN countries. Laos and Myanmar top the list at 40%, Cambodia and Thailand at 36%, Malaysia 25%, Vietnam and the Philippines 20% each, Indonesia 19%, and Singapore the lowest at 10%. The relevant agreement was reached through direct negotiations between US President Trump and Indonesian President Prabowo. Trump stated that the US will obtain full access to Indonesian copper and other products without paying tariffs, which has never happened before. The chief economist of the bank said that the reduction of Indonesia's export tariff to the US to 19% is good news, making it one of the countries with lower tariffs in ASEAN.
The United States has reduced the tariff on Indonesian export products from 32% to 19%, making it one of the countries with lower tariffs in ASEAN. According to a report from the Office of the Chief Economist (OCE) of Bank Mandiri Indonesia dated July 16, 2025, there are differences in export tariffs to the US among ASEAN countries. Laos and Myanmar top the list at 40%, Cambodia and Thailand at 36%, Malaysia 25%, Vietnam and the Philippines 20% each, Indonesia 19%, and Singapore the lowest at 10%. The relevant agreement was reached through direct negotiations between US President Trump and Indonesian President Prabowo. Trump stated that the US will obtain full access to Indonesian copper and other products without paying tariffs, which has never happened before. The chief economist of the bank said that the reduction of Indonesia's export tariff to the US to 19% is good news, making it one of the countries with lower tariffs in ASEAN.