Trump Pushed 104% Tariffs on China, Opened Door for Tailored Trade Deals

Trump Pushed 104% Tariffs on China, Opened Door for Tailored Trade Deals
President Trump reaffirmed his plan to impose a 104% tariff on various Chinese goods while signaling openness to negotiate customized trade deals with nearly 70 countries. Trump claimed the tariffs would benefit US Treasury revenues and protect strategic industries, though he acknowledged that concessions from trade partners were welcomed—some extending beyond trade issues. Talks are underway or planned with South Korea, Japan, Italy, and others, but Trump has not clarified conditions for exemption from the 10% base tariff. Beijing criticized the US move, calling it intimidation and vowing retaliation. (Bloomberg)
 

Indonesia's CPI Rose 1.03% YoY in Mar-25

Indonesia's consumer price index rose 1.03% YoY in Mar-25 (vs Feb-25: -0.09%, consensus: 1.16%), the highest since Dec-24, driven by increased spending during Ramadan and ahead of Eid al-Fitr. Food (+2.07%), health (+1.80%), accommodation (+2.26%), and transport (+0.83%) saw price increases, while housing prices declined at a slower pace (-4.68%) following the end of the electricity tariff rebate. Core inflation rose to 2.48%, slightly below the 2.50% forecast. On a MoM basis, inflation climbed 1.65% (Feb-25: -0.48%). (Trading Economics)

COMPANY
Chandra Asri Pacific (TPIA) Acquired Shell's Singapore Assets for USD 254 mn via JV
TPIA, through its JV with Glencore (CAPGC Pte. Ltd.), completed the acquisition of Shell Energy and Chemicals Park Singapore for USD 254 mn. The asset has been renamed Aster Chemicals and Energy Pte. Ltd. (Aster). TPIA stated that Aster's revenue and profit will begin to be reflected in its 3Q25 financials. Additionally, TPIA committed to injecting USD 587 mn in equity into Aster (in line with its participation share) to support business development, including equipment upgrades. (Kontan)

Petrosea (PTRO) Secured IDR 16 tn Nickel Mining Contract from Vale (INCO)
PTRO signed a 10-year nickel mining and hauling contract with INCO for Bahodopi Block 2&3 on 08 Apr-25. The deal, valued at around IDR 16 tn, aligns with PTRO's long-term value creation strategy. PTRO confirmed no affiliation with INCO and expects a positive impact on operations and financials. (Emitennews)