Indonesian Economy
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.
The Jakarta Composite Index (IHSG) closed at 5,896.134 at the end of the week of 22–26 June 2026, down 4.55 percent from the prior week.
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Indonesia's Composite Stock Price Index (IHSG) opened higher on Thursday (February 5, 2026) by 20.63 points or 0.25 percent to 8,167.35, amid investor focus on 2025 GDP data and MSCI developments. Market participants remain cautious awaiting the economic growth release projected at 5 percent year-on-year.