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Rupiah Weakens to Rp16,272 After U.S. Threatens 32% Tariff on Indonesian Goods
The Indonesian rupiah weakened to Rp16,272 per U.S. dollar following news that the United States plans to impose a 32% import tariff on goods from Indonesia. The announcement shocked markets and added pressure to the rupiah, which was already under strain due to ongoing global uncertainty.
ECONOMICS
7/8/20251 min read
The tariff move is believed to be part of a broader U.S. protectionist strategy targeting developing countries, including Indonesia, which are perceived to offer unfair trade advantages or subsidies. Investors are now concerned about the potential impact on Indonesia’s exports, particularly in key sectors like manufacturing and textiles.
The weakening of the rupiah reflects rising market anxiety over the future of Indonesia-U.S. trade relations and the risk of escalating tensions.