24 Jul 2025 International Economy Indonesia secures a 19-percent tariff, while having to open its market and accept comprehensive US conditions (Business Brief No.4178 Full Ed.) คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star Indonesia and the US have announced a Reciprocal Trade Agreement (July 22), with key provisions including a reduction of US reciprocal tariff rate for Indonesia to 19 percent (from the original 32 percent), while Indonesia must open its market and accept various conditions proposed by the US.The tariff reduction may partially alleviate the impact on Indonesia’s export sector to the US, but the positive effect on GDP may remain limited. Given this, KResearch has revised its 2025 GDP forecast for Indonesia upward to 4.8 percent (from a prior estimate of 4.5 percent based on a 32-percent reciprocal tariff rate), as exports to the US account for only 1.9 percent of Indonesia’s GDP. Meanwhile, the weak global economy and sluggish domestic purchasing power are likely to continue pressuring Indonesia’s economy for the remainder of the year.Indonesia’s decision to open its market to the US may reshape its domestic competition structure, giving American products greater opportunities to expand their market share. While Thailand still maintains advantages through preferential benefits under the ASEAN Free Trade Agreement (AFTA), certain Thai products will need to brace for intensified competition, including automotive parts, diesel engines, and chemical products.This deal offers Indonesian products a competitive advantage in the US market. At the same time, Thai product categories that overlap with other ASEAN countries receiving lower reciprocal tariffs may face heightened competition, such as natural rubber, rubber gloves, processed shrimp, processed fish, pet food, electrical machinery, and electrical appliances. View full article Login / Register Or Enter the code from the poll Annotation This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow. International Economy Indonesia Related Analysis View all 14 Mar 2018 International Economy Thailand must brace for trade disputes between the US, EU and China, etc. (Current Issue No. 2905) The US is pressing ahead with trade measures against trade partners globally. In addition to their new ‘safeguard tariffs’ on imported solar panels and large washing machines imposed early in 2018, and more recently on imported steel and aluminum, the US is now preparing to implement protectionist measures against Chinese products valued at around USD60 billion. This direction will likely add significant pressure to global trade, thus, KResearch views that all eyes should be closely kept on negotiations between the US and EU, both being among the largest economies in the world. Details on those negotiations are expected to be released before the relevant ‘safeguard tariffs’ on steel and aluminum become effective at the end of next week. If the EU and China are exempted from these new tariffs, prevailing anxiety will ease. But to the contrary, without such exemptions, China and the EU may opt to implement their own trade protectionist measures against the US, as well. 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Read more 0 KB 0 KB 19 Dec 2017 International Economy Chinese Economy Continues Momentum to Yearend Growth next year inches toward balance, Focus on Reforms (Business Brief No.3719) China's latest economic indicators show that the Chinese economy has maintained momentum. Although China’s domestic eco... Read more 0 KB 0 KB View all