Adies Kadir supports efforts for softening government to face Trump tariff policy

Jakarta -After Donald Trump announced the reciprocal tariff policy on April 2 at the US Liberation Day event, the new round of the World Trade War version 2.0 started again. The reciprocal tariff policy is considered surprising to the world, as there are at least 180 countries affected by the reciprocal tariff policy, using a basic rate of 10% and Indonesia is subject to 32%. The imposition of US reciprocal rates has a significant impact on the decline in the competitiveness of exports of countries to the US, including Indonesia. Some things that are still being observed are the reaction and implications of the tariff policy to the stability of the global and national financial economy. Indonesian Parliament’s Deputy Speaker ADIES Kadir said that the Indonesian parliament was concerned and supported the steps and coordinating efforts of mitigation of financial instability that could occur in the short term. Browse to continue with content “For example, the need for narrative and communication about the policy adopted by the government to maintain financial stability, to reduce and reduce the response or negative sentiment that can reduce the weakening of the capital market (weakening of share prices), money markets (liquidity drought and the internet interest rate) and the returns in the return/reality of the SBN exchange market) “(6/4/2025). In addition, the increasingly heated trade war situation has been characterized by a return or retaliation by US trading partners such as China, Canada, Mexico, European Union countries and followed by several other countries by higher imports on imported goods from the US. While the French president encouraged, the European Union urged to postpone the investment plan. and government strategic steps to respond to US reciprocal tariff policies, increase competitiveness, maintain market participants’ trust and improve the quality of the investment climate to maintain the momentum of economic growth. “For example, it is right for the government to reinforce trade and investment collaboration between Asean countries and be expanded in groups or groups of countries where Indonesia becomes a member such as Brics, OECD and others to face different global challenges,” Adies explained. “In addition, the enthusiasm and efforts to maintain and maintain good relations with trade partners, including the US, are diplomacy and negotiations with the US government related to the reciprocal tariff policy to be supported,” he added. As is well known, the situation and state of the US economy and finance will have global implications, no exception to the stability and sustainability of national economic growth. The tariff policy will directly reduce the competitiveness of Indonesia’s export products in the US market, which has the potential to reduce the value of Indonesia’s exports to the US. This is expected to put pressure on the current transaction, which ultimately has the potential to influence the Rupiah exchange rate. In terms of the continuity of exporter companies, especially for the export of producers better than the US, such as electronics, textiles, shoes, palm oil, rubber, furniture, shrimp and marine fisheries. “It is necessary for immediate steps to find a problem solving or negotiate with US trading partners or facilitation support to find our replacement markets,” Adies said. Furthermore, US tariff policy is expected to increase the risk of global financial uncertainty. It was marked, closer or after the announcement of this reciprocal tariff policy, almost all stock exchange indices fell in different countries. “In raising the increase of quality trading transactions and investment climate, we support the instructions of President Prabowo to the red white cabinet to take strategic steps and structural improvements and deregulating policies, namely the simplification of regulations and eliminating the inhibition of regulations, especially related to non-tariff.” Furthermore, Adies added that we should continue to monitor continued world dynamics. “We also consider the need for the delivery of integrated, consistent and ongoing narrative and communication to reduce uncertainty, reduce uncertainty, reduce negative sentiment and reject doubt as well as investors and market participants,” Adian concluded. (AKN/EGA) HOEGENG Awards 2025 Read the inspiring story of the exemplary police candidate here