Trump Doubles Steel & Aluminum Tariffs to 50%, Sparks Global Backlash

Trump Doubles Steel & Aluminum Tariffs to 50%, Sparks Global Backlash
U.S. President Donald Trump announced plans to raise import tariffs on steel and aluminum from 25% to 50%, starting 05 Jun-25, aiming to protect domestic industry. The move escalates the ongoing trade war and drew sharp criticism from global partners. The EU warned of retaliatory measures if negotiations fail, while Canada called the decision a threat to supply chain stability and jobs. (CNBC)

BCAS: BBRI IJ - 4M25 Earnings Declined -15.8% YoY

 

- BBRI interest income reached IDR 53.5 tn in 4M25 (-1.2% YoY), with Apr-25 at IDR 13.5 tn (-1.3% MoM; +9.2% YoY). Interest expense declined to IDR 16.8 tn (-1.7% YoY), with Apr-25 at IDR 4.4 tn (+0.5% MoM; +2.2% YoY). NII edged down to IDR 36.6 tn in 4M25 (-1.0% YoY), while Apr-25 was at IDR 9.1 tn (-2.1% MoM; +13.0% YoY).
- Non-interest income rose to IDR 16.2 tn in 4M25 (+5.3% YoY), with Apr-25 at IDR 3.8 tn (-9.3% MoM; -10.6% YoY).
- Provisioning increased to IDR 14.4 tn in 4M25 (+2.3% YoY), with Apr-25 at IDR 3.3 tn (+52.7% MoM; -28.0% YoY). PPOP declined to IDR 33.4 tn (-8.1% YoY), with Apr-25 at IDR 8.2 tn (+6.8% MoM; -14.0% YoY).
- Net profit dropped to IDR 15.0 tn in 4M25 (-15.8% YoY), with Apr-25 at IDR 3.9 tn (-12.6% MoM; -2.5% YoY).
- 4M25 NIM slipped to 6.3% (vs 4M24: 6.7%). LDR improved to 88.6% (vs 4M24: 85.4%), while CASA increased to 64.8% (vs 4M24: 62.1%). Loan growth decelerated to 4.2% YoY (vs 4M24: 12.0%), and deposit growth moderated to 0.5% YoY (vs 4M24: 12.6%).