According to Reuters and the Indonesian Antara News Agency, on the 30th, Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto revealed that Indonesia has proposed to the United States to jointly invest in a key mineral project as part of tariff negotiations with the US.
Airlangga Hartarto added that the Danantara Indonesia Sovereign Wealth Fund will participate in the investment of this project. Additionally, he told Reuters, "We are providing investments related to the electric vehicle ecosystem, including nickel and other materials." However, he refused to disclose more details.
On June 30 local time, Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto (left) held a press conference. Indonesian Antara News Agency
On June 30 local time, Airlangga Hartarto held a press conference in Jakarta, the capital of Indonesia, and announced that the Indonesian government had relaxed import policies for 10 types of goods, including forest products, fertilizers, footwear, and plastic raw materials. Hartarto said that this policy is part of a measure to continue relaxing regulations and accelerating the business licensing process, following instructions from Indonesian President Prabowo.
Notably, Indonesia's introduction of these trade policies coincides with the approaching deadline for the tariff negotiations previously set by US President Trump. Previously, Trump announced a 90-day delay in implementing high tariffs, which will expire on July 9. Indonesia has not yet responded whether these measures are related to the tariff negotiations with the US.
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