Minister Hartarto: No Impact of US-China Trade War on Indonesia's Economy

Jakarta, VIVA – Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the ongoing trade war between the United States (US) and China has not disrupted Indonesia's trade sector thus far.

However, the minister emphasized that the government will continue to closely monitor global economic developments to ensure that Indonesia's trade sector remains stable and runs smoothly.

"Based on the current trends, there has been no significant disruption so far," Minister Hartarto said on Thursday (February 20).

The minister also clarified that the potential imposition of a 100 percent tariff on BRICS member countries, as threatened by US President Donald Trump, does not currently apply to Indonesia.

As of now, Indonesia faces a tariff rate of 10–20 percent because it has not yet established a trade agreement with the United States.

"Indonesia, whether with Europe or the United States, does not enjoy tariff preferences. We are still subject to tariffs of 10–20 percent due to the absence of a trade agreement. Even so, we remain optimistic about our trade performance," Minister Hartarto explained.

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Menteri Koordinator Bidang Perekonomian, Airlangga Hartarto

Photo :

• VIVA.co.id/Anisa Aulia

He expressed confidence that Indonesia's trade sector will continue to grow despite the challenges posed by the US-China trade war.

According to him, Indonesia's trade sector possesses inherent strengths that enable it to thrive.

This is evident in the country’s trade balance surplus, which has been sustained for 57 consecutive months, amounting to $3.45 billion.

"We'll keep monitoring the situation, but with the current trends, we remain optimistic," he concluded.

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He expressed confidence that Indonesia's trade sector will continue to grow despite the challenges posed by the US-China trade war.