After announcing a blanket tariff on several countries effective August 1, 2025, Trump has announced a new tariff deal, this time with Indonesia. Previously, Indonesia was set to face a 32% tariff. However, following the bilateral talks, the U.S. has reduced the tariff on Indonesia to 19%, while U.S. exports to Indonesia will be free of both tariff and non-tariff barriers.
In a significant development that could reshape global trade flows, President Donald Trump announced a new wave of blanket tariffs on a group of countries. The announcement was made via Truth Social on July 7, 2025, and outlines new duties to be imposed starting August 1, 2025.
Over the past few decades, the United States and China have emerged as the dominant parties in global trade and economy. However, recent events have exposed vulnerabilities that businesses can no longer afford to ignore and why it’s time to think beyond these two giants.
In June 2025, a dramatic escalation between Iran and Israel signaled more than just another chapter in a long-standing geopolitical rivalry, it raised alarm bells across the global economy.
Vietnam’s logistics sector is undergoing a significant transformation, driven by a surge in foreign direct investment (FDI), rapid infrastructure development, manufacturing growth, digital innovation, and trade integration. This coordinated progress has made Vietnam a key logistics hub in Southeast Asia.
As of mid-2025, trade relations between the United States and its key allies Canada and the European Union are facing significant challenges. Rising tariffs, retaliatory measures, strained diplomacy, and mounting business disruptions have defined the recent trajectory of transatlantic and North American trade.
In a significant move to counter escalating trade protectionism, China, Japan, South Korea, and the ASEAN have issued a joint statement outlining a comprehensive strategy to strengthen regional trade ties, improve local currency bond markets, and reduce dependence on Western financial institutions.
Indonesia’s logistics sector is set for significant expansion, driven by rapid e-commerce growth, sustained economic development, and extensive infrastructure investments. These factors collectively improve the efficiency and capacity of the nation’s logistics network.
Global trade is undergoing a transformative period shaped by geopolitical tensions, technological disruptions, and the urgent need for climate action. After decades of steady globalization, recent years have seen a shift toward protectionism and strategic industrial policy.
Indonesian Trade Minister Budi Santoso remains optimistic about the country’s export growth prospects, forecasting a 7.1% increase in 2025. private sector to achieve this ambitious target.
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