Indonesia’s Copper Export Gets 0% Tariff to US, Which Else Could Benefit?

Key Summary:
- Indonesian copper export gets 0% tariff from US
- Market expects nickel tariff is next to be lowered
- Ongoing discussions on the $34bn imports from US
Amid ongoing negotiations with United States, the government of Indonesia has announced that it has secured a 0% tariff for copper exports, although the timeline for when this tariff-free rate will be effective is still under discussion.
Between the lines: After lengthy talks since President Trump first initiated the tariff war back in April 2025, United States has finalized 19% reciprocal tariffs (down from 32% initially) on Indonesian export products, which will be implemented starting 7th August 2025.