Finance Minister Sri Mulyani revealed that a 0% import duty rate on goods originating from the United States could lead to lower prices for oil, gas, and food commodities in Indonesia.

During a press briefing following the regular meeting of the Financial System Stability Committee (KSSK), she explained that the duty-free policy for U.S. products entering Indonesia may help drive down the prices of these two essential commodities in the future.

However, she also emphasized the importance of closely monitoring spillover risks that may arise from global developments. One such concern is the continued contraction in the manufacturing sector.

"Spillover risks must continue to be closely observed. In this case, the performance of the manufacturing sector remains under pressure, as indicated by the Manufacturing PMI, which stood at 46.9 in June 2025," said Sri Mulyani during the press conference on Monday, July 29, 2025.

On another note, the decision by U.S. President Donald Trump to reduce reciprocal trade tariffs on Indonesian goods from 32% to 19% was hailed by the Indonesian government as a major success from over 90 days of negotiation.

Sri Mulyani noted that this tariff reduction could stimulate economic recovery in various industries, particularly labor-intensive sectors such as textiles, footwear, and furniture, whose export performance is expected to rebound.

"The successful negotiation that led to the lowering of the U.S. reciprocal tariff for Indonesia to 19% is projected to enhance the performance of labor-intensive industries such as textiles, shoes, and furniture," she added.