Trump Temporarily Exempted Electronics from Tariffs, Easing Tensions with China

Trump Temporarily Exempted Electronics from Tariffs, Easing Tensions with China
The Trump administration made its first major concession in the U.S.-China trade conflict by exempting smartphones, laptops, and 
other electronics from steep reciprocal tariffs, retroactive to 5 Apr-25. The move temporarily shields global tech firms like Apple and 
Nvidia from the 125% China tariff and 10% global levy imposed by Trump. The U.S. Customs and Border Protection listed key exemptions 
including laptops, hard drives, processors, memory chips, and flat-screen displays—products that are rarely made in the U.S. The move 
covers around USD 390 bn worth of 2024 imports, including USD 101 bn from China. (Bloomberg)

INDUSTRY
IKN Budget Unblocked, Construction Projects to Proceed as Planned
The Minister of Public Works confirmed that the budget for the IKN project is no longer blocked. This ensures that construction will 
continue as scheduled. The temporary block, initially caused by a government-wide budget efficiency program, was lifted following 
approval from the House of Representatives' Commission V and the Ministry of Finance. The ministry is currently prioritizing previously 
assigned projects such as the Tripraja Axis, legislative and judicial areas, and the final stages of the Garuda and Presidential Palaces. 
(Kontan)

COMPANY
Japfa Comfeed (JPFA) to Distribute Final Dividend of IDR 814 bn
JPFA will distribute a final dividend of IDR 814 bn (IDR 70/sh, Yield: 3.6%), following an earlier interim dividend of the same amount in 
Oct-24. Total dividend for FY24 reaches IDR 1.62 tn or 140/sh, with DPR of 54%. The dividend disbursement schedule is as follows:
- Cum dividend in regular and negotiated markets: 10 Apr-25
- Ex dividend in regular and negotiated markets: 21 Apr-25
- Cum dividend in cash market: 23 Apr-25
- Ex dividend in cash market: 24 Apr-25
- Recording date: 23 Apr-25 (16:00 WIB)
- Dividend payment: 29 Apr-25
(Emitennews)