(8 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Jakarta, Indonesia – 8 April 2025
1. Venue of the economic summit
2. Indonesian Minister of Finance, Sri Mulyani (left) talking to the head of the National Economic Council, Luhut Binsar Panjaitan (center)
3. Indonesian President Prabowo Subianto arriving at the venue
4. Video monitor showing the title of the meeting reading (Indonesian) “Economic Discussion with Indonesian President.”
5. Indonesian President giving speech
6. SOUNDBITE (Indonesian) Prabowo Subianto, Indonesian President:
++AUDIO AS INCOMING++
“What is happening now, the world is in turmoil due to the world’s strongest economy making policies to increase tariffs so high for many countries. This can be said to have caused global uncertainty as many countries are worried."
7. Various of people listening
8. SOUNDBITE (Indonesian) Prabowo Subianto, Indonesian President:
++AUDIO AS INCOMING++
“I have been saying it for years, we must rely more on ourselves to build our economy with our own feet.”
9. Jakarta street
10. Skyscrapers in Jakarta
11. Tilt down interior of Indonesia stock exchange
12. Various of screen showing Indonesia’s IDX Composite index plunged 9.19%
13. Interior of Indonesia stock exchange
14. Indonesian currency (Rupiah) being counted
15. Woman counting Rupiah
16. Activity at bureau de change in Jakarta
17. People walking down street
18. Indonesian people walking with skyscrapers in the background
STORYLINE:
Indonesia’s President Prabowo Subianto vowed to build the country’s economy with the goal of standing on “our own feet” as his administration scrambles to contain market jitters following the United States’ decision to impose a 32% import tariff on Indonesian goods.
He met investors, market players and economists in Jakarta on Tuesday to formulate how to strengthen Indonesia’s economic resilience amid the waves of tariffs war.
“What is happening now, the world is in turmoil due to the world’s strongest economy making policies to increase tariffs so high for many countries,” Subianto said in his opening speech at the meeting.
“This can be said to have caused global uncertainty as many countries are worried," he added.
“Therefore, we must rely more on ourselves to build our economy with our own feet.”
During the meeting, Chief Economic Minister Airlangga Hartarto emphasized that the Indonesian government will not take any retaliatory measures and has sent a request letter for negotiations on the reciprocal tariff policy through the Office of the United States Trade Representative (USTR) and the Secretary of Commerce.
Indonesia’s stock market plunged 9.2% in early trading on Tuesday, as markets in the Southeast Asian country reopened after an extended Eid holiday break.
Its currency, the rupiah, also sank to a record low, hitting 16,846 against the U.S. dollar.
The Indonesia Stock Exchange halted trading for 30 minutes following the steep decline. When it resumed, shares recovered slightly but remained down nearly 8%.
AP Video by Fadlan Syam and Tatan Syuflana
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