Jakarta, June 4 -- Trade Minister Budi Santoso on Wednesday said Indonesia's trade surplus declined to US$160 million in April 2025, partly on account of United States President Donald Trump's tariff policy.
Such a decline in the trade balance was not only experienced by Indonesia, but also by other countries in Southeast Asia, he noted here.
"When I met with fellow trade ministers during the ASEAN Summit in Kuala Lumpur, we discussed the impact (of Trump's tariffs policy), which is big. It even triggered many exporters to (adopt a) wait and see (approach)," Santoso said.
He informed that many ASEAN countries are still eager to export to the US. Indonesia is also currently negotiating a tariff relief with the US, he added.
Another fac...
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