US and Indonesia Reach New Trade Deal with Lower Tariffs

MACROECONOMY
US and Indonesia Reach New Trade Deal with Lower Tariffs 
President Trump announced a 19% tariff on Indonesian goods, down from a threatened 32%, as part of a new trade deal similar to one with Vietnam. The agreement includes no tariffs on US exports to Indonesia, penalties for Chinese transshipped goods, and Indonesia’s commitment to buy USD 15 bn in US energy, USD 4.5 bn in agriculture, and 50 Boeing jets. Despite not being a top trading partner, USIndonesia trade reached nearly USD 40 bn in 2024 and is growing. (Kontan)

INDUSTRY 
China to Import 140 Mn Barrels for Strategic Reserves by Early 2026 
China is expected to import up to 140 mn barrels of crude oil between 4Q25 and 1Q26 to refill its strategic reserves, equivalent to 780,000 barrels per day, according to Energy Aspects. Purchases will likely continue as long as prices stay below USD 80/barrel. In June, daily crude imports reached 12.2 mn barrels, the highest in nearly two years, partly supported by near-record shipments from Iran. (Bloomberg Technoz) 

COMPANY 
Astra International (ASII) to Sell Carbon Credits via Nature-Based Projects ASII plans to sell carbon credits by preparing nature-based projects through its units, managing over 127,000 ha of forests and peatlands, and partnering with Social Forestry to empower local communities while absorbing carbon. The projects, currently under registration, aim to offer high-impact credits that combine emission reduction with social benefits, aligning Astra with Indonesia’s growing carbon market. (Kontan)