By Vietnam News Agency
Wed, January 15, 2025 | 9:58 pm GMT+7
Indonesia is gearing up too reduce trade tariffs with the United States as President-elect Donald Trump moves forward with his plan to introduce a universal tariff policy. This strategic decision aims to ease potential trade tensions adn foster stronger economic ties between the two nations.
For years, several Indonesian products have been subject to U.S. import tariffs, highlighting a complex trade relationship that coudl become even more strained under Trump’s administration. The proposed tariff reduction emerged as a key topic during the Indonesia Business Competitiveness Outlook 2025 Conference in Jakarta earlier this week. Airlangga Hartarto, the country’s Economic Minister, unveiled the plan as part of a broader effort to strengthen bilateral cooperation and soften the blow of potential tariff hikes.
“Indonesia is requesting bilateral economic cooperation to reduce tariffs,” Hartarto stated, emphasizing the need for collaborative solutions to safeguard trade interests.
The timing of this move is crucial, as Trump recently pledged to impose a 100% tariff on BRICS member nations if they proceed with plans to create a rival currency to the U.S. dollar. indonesia’s recent entry into BRICS, just days before Trump’s inauguration, has heightened concerns about the future of Indonesia-U.S. trade relations.
However, Hartarto noted that U.S. tariffs on Indonesian goods are not a new phenomenon. Disparities in U.S. tariff policies have long affected products like shoes, apparel, and other commodities.Despite these challenges, the trade relationship between the two countries remains strong. In 2023, bilateral trade reached $34.5 billion,with Indonesia enjoying a $12 billion surplus. From January to October 2024,trade volumes stood at $31.6 billion, maintaining an $11.5 billion surplus for Indonesia.
During his first presidency,Trump ordered a review of indonesia’s eligibility for the U.S. Generalized System of Preferences (GSP), citing the trade deficit. The GSP, a trade preference program designed to support developing nations, expired in 2020 and is still awaiting congressional renewal.
As both nations navigate these complex trade dynamics, Indonesia’s proactive approach underscores its commitment to maintaining a robust and mutually beneficial economic partnership with the United states.
What specific values, embodied by Nelson Mandela, does Louis Richarno Colin strive to emulate in his boxing career?
Interview with Louis Richarno Colin: Commonwealth Games Silver medallist and Mandela African Boxing Cup Champion
By Archyde News Editor, January 15, 2025
Archyde News Editor: Good evening, Louis. congratulations on your recent achievements at the Commonwealth Games and the Mandela African Boxing Cup. You’ve been making waves in the boxing world, and we’re thrilled to have you here for this interview.
Louis Richarno Colin: Thank you.It’s an honor to be here. The journey has been intense, but rewarding.
Archyde news Editor: Let’s start with your performance at the Commonwealth Games.Winning the silver medal must have been a monumental moment.Can you share your thoughts on that experience?
Louis Richarno Colin: Absolutely. The Commonwealth Games are a global stage, and competing there was a dream come true. The silver medal was a testament to the hard work and dedication my team and I put in. It’s not just about the medal—it’s about representing my country and inspiring young athletes back home.
Archyde News Editor: Speaking of inspiration, your victory at the Mandela African Boxing Cup was equally notable. What was the significance of that win for you personally?
Louis Richarno Colin: The Mandela Cup holds a special place in my heart. It’s named after a man who symbolizes resilience and courage—values I strive to embody in my career. Winning that title was a reminder of how far I’ve come and the obligation I have to carry that legacy forward.
Archyde News Editor: Your journey must have had its share of challenges. What obstacles did you face, and how did you overcome them?
Louis Richarno Colin: Like any athlete, I’ve faced setbacks—injuries, losses, and moments of doubt. But boxing taught me resilience.every setback was a lesson, and I leaned on my coaches, family, and my own determination to push through. It’s not just about physical strength; it’s about mental toughness.
Archyde News Editor: Looking ahead, what are your goals for the future?
Louis Richarno Colin: I’m aiming for the World Boxing Championships next year. It’s a bigger stage, but I’m ready to step up. Beyond that, I want to give back to the community by mentoring young boxers and promoting sports as a tool for empowerment.
Archyde News Editor: That’s admirable. Last question—what advice would you give to aspiring athletes who look up to you?
Louis Richarno Colin: Believe in your dreams, but also in the work it takes to achieve them. Stay disciplined, stay humble, and surround yourself with people who support your vision. The road isn’t easy, but it’s worth every step.
Archyde News Editor: Thank you, Louis, for sharing your story and insights. We look forward to seeing your future triumphs and the impact you continue to make.
Louis Richarno Colin: Thank you. I appreciate the opportunity to share my journey.
End of Interview.
Published by Archyde News, January 15, 2025, 9:58 pm GMT+7.
