"The hope is that the TIFA revitalization can be a platform for the two countries to explore potential collaboration so that the trade between the two countries can be expanded," she explained.
Putri made the remarks during the "Public Forum: Regional Response to Trump 2.0" event organized by the Center for Strategic and International Studies (CSIS) Indonesia, which was followed online from Jakarta on Thursday.
She noted that the government will renew TIFA, which was first implemented in 1996.
The government will include new policies that are in line with current and future trade dynamics.
"There are several working groups involved, especially in the fields of services, intellectual property rights, investment, agriculture, and industry," the deputy minister said.
Related news: Ready to anticipate impact of US tariff policy, govt says
Earlier, the plan for the revitalization of TIFA was conveyed by Coordinating Minister for Economic Affairs, Airlangga Hartarto, when responding to the US reciprocal tariffs.
On April 2, 2025, US President Donald Trump announced "reciprocal" tariffs on several countries, with Indonesia hit with a 32-percent tariff. The Trump administration also imposed a 10-percent baseline tariff on imports from all countries.
Other Southeast Asian countries affected by the tariff include the Philippines, Singapore, Cambodia, Vietnam, Thailand, and Malaysia. The US has levied tariffs of 17 percent, 10 percent, 49 percent, 46 percent, 36 percent, and 24 percent, respectively, on those countries.
However, on April 9, Trump announced a 90-day pause for reciprocal tariffs for several countries, except China, whose tariff has been increased to 125 percent.
Related news: Indonesia remains open to investment despite tariff war: Expert
Translator: Putu Indah, Raka Adji
Editor: Yuni Arisandy Sinaga
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