Jakarta, Feb. 27 -- Coordinating Minister for Economic Affairs Airlangga Hartarto announced on Friday that Indonesia's general trade tariff rate with the United States has been reduced from 19 percent to 15 percent.
The reduction follows a February 20 ruling by the US Supreme Court that invalidated US President Donald Trump's global tariff policy under the International Emergency Economic Powers Act (IEEPA), as well as Washington's plan to raise global tariffs.
"We received a reduction to 15 percent," Airlangga said, noting that the recent Indonesia-US trade tariff deals outlined in the Agreement on Reciprocal Trade (ART) will remain valid after 90 days.
"It is not canceled. It will take effect after 90 days and following ratification,...
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