Indonesia and US Tariff Meeting Yields Positive Outcome, Chief Negotiator Says

Indonesia and the US have had a positive meeting on tariffs, according to Indonesia's chief negotiator. Coca-Cola Içecek Anonim Sirketi has announced Q1 2025 earnings, while Revvity, Inc. will present at the BofA Securities 2025 Healthcare Conference. Zijin Mining has initiated equity financing to scale ammonia-based hydrogen solutions. Former CIA director John Brennan denies knowledge of a politically-based DOJ investigation. The Australian government has received an application from Bryah Resources Limited, while the US government has announced a 50% tariff on copper effective August 1.

Indonesia and the United States have made significant progress in their tariff negotiations, according to Indonesia's chief negotiator, Coordinating Minister for Economic Affairs Airlangga Hartarto. The minister is set to travel to Washington on July 8 to meet with US representatives, aiming to bring down the 32% tariff that President Donald Trump threatened to impose starting August 1 [1].

The rupiah held its value at 16,242 against the dollar, reflecting investor concerns over potential tariffs and their impact on key export sectors, such as palm oil. Indonesia's economic growth estimate for 2025 has been revised down to 4.7%-5% due to the ongoing trade war and its potential impact on the manufacturing sector [1].

Meanwhile, Zijin Mining Group, one of China's largest gold producers, has advanced its equity financing plans to scale ammonia-based hydrogen solutions. The company has initiated a strategic gold demerger, creating a new entity called Zijin Gold International (ZGI) that will list on the Hong Kong Stock Exchange. This move aims to unlock shareholder value and address the "conglomerate discount" often applied to diversified miners [2].

In other news, Coca-Cola Içecek Anonim Sirketi has announced its Q1 2025 earnings, while Revvity, Inc. will present at the BofA Securities 2025 Healthcare Conference. Former CIA director John Brennan has denied knowledge of a politically-based DOJ investigation. The Australian government has received an application from Bryah Resources Limited, while the US government has announced a 50% tariff on copper effective August 1.

References:
[1] https://financialpost.com/pmn/business-pmn/indonesias-chief-negotiator-heads-to-us-to-discuss-tariffs
[2] https://discoveryalert.com.au/news/zijin-strategic-gold-demerger-2025-spin-off/