Chairperson of the National Economic Council (DEN) Luhut Binsar Pandjaitan responded to the decision of the President of the United States of America, Donald Trump, who lowered import tariffs from 32 percent to 19 percent for Indonesian export products.

Financial markets greeted US President Donald Trump’s tariff deal with Indonesia with little fanfare Wednesday, signaling the rate of around 20% that was once viewed as punitive is now seen as workable.

The U.S. will soon notify a group of minor trading partners that they will face tariffs higher than 10%, President Trump said on Tuesday evening. “We’ll be releasing a letter soon talking about many countries that are much smaller,

U.S. President Donald Trump has officially reduced import tariffs on Indonesian products to 19 percent, down from the previous 32 percent.