Import Tariffs
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Indonesia responds to Trump's 15% global tariffs after Supreme Court ruling
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Indonesian President Prabowo Subianto expressed readiness to mitigate risks from US President Donald Trump's hike of global import tariffs to 15%, announced February 21, 2026, one day after a Supreme Court ruling invalidated prior tariffs. Officials affirmed that bilateral trade negotiations continue, highlighting zero-tariff deals for key Indonesian exports.
India is planning to reduce import duties on cars from the European Union to 40 percent from the current 110 percent as part of negotiations for a free trade agreement. This move could make luxury European vehicles more affordable in the Indian market. Brands like Volkswagen, Mercedes-Benz, and BMW stand to benefit significantly.