On June 5, Indonesia's chief economic minister, Airlangga Hartarto, expressed optimism regarding a new 10% tariff imposed by the United States on Indonesian exports. He indicated that this tariff, along with anticipated exemptions for certain key products, could serve as a catalyst for economic growth in Indonesia. The U.S. Trade Representative recently proposed tariffs of up to 12.5% on imports from 60 countries, citing failures to curb trade involving forced labor. Indonesia's tariff rate is notably lower than those faced by some of its competitors. Hartarto mentioned that Indonesia's request for 18 product exclusions under the Section 301 investigation is likely to be granted. He emphasized that these strategic measures would significantly stimulate Indonesia's industry, reduce export costs, and enhance the competitiveness of its commodities in the U.S. market. Notably, exports of copper cathodes from Freeport Indonesia, a company partly owned by the Indonesian government, are expected to be exempt from the U.S. tariffs. This announcement comes ahead of the expiration of a temporary 10% tariff previously imposed by the Trump administration.