Indonesia banks on critical minerals to avert US tariffs – will it work?

Jakarta offers US ‘interesting’ opportunity to invest in critical mineral ecosystem, reforms trade policies to heed American demands

Trump announced the tariffs in April, with a 90-day reprieve allowing negotiations. During this period, Indonesian exports face a temporary 10 per cent duty, set to rise unless a deal is reached by July 9.

“We also offered the US [an opportunity] to invest in the critical mineral ecosystem, together with Danantara,” Airlangga said on Monday, referring to Indonesia’s sovereign wealth fund. “For the US, Indonesia’s offer is quite interesting.”