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President Joko Widodo has met United States Vice President, Mike Pence to discuss ways to boost mutual trade and investments between the two nations, particularly in the energy sector.

[post_title] => Jokowi, Pence Discuss Ways to Boost Trade [post_excerpt] => President Joko Widodo has met United States Vice President, Mike Pence to discuss ways to boost mutual trade and investments between the two nations, particularly in the energy sector. [post_parent] => 0 [guid] => http://jakartaglobe.id/?p=657573 [post_type] => post [post_date_gmt] => 2017-04-27 02:16:02 [post_date] => 2017-04-27 09:16:02 [post_name] => jokowi-pence-discuss-ways-boost-trade [author] => Jakarta Globe News Channel [author_permalink] => /author/jakarta-globe-news-channel/ [category] => Array ( [0] => stdClass Object ( [term_id] => 39261 [name] => Business & Economy [slug] => business-tv [parent] => 14435 [term_taxonomy_id] => 39348 [permalink] => news-channel/business-tv ) ) [permalink] => /business-tv/jokowi-pence-discuss-ways-boost-trade/ [meta] => stdClass Object ( [_edit_lock] => 1493259249:255 [_edit_last] => 255 [post_type_override] => NA [author] => Jakarta Globe News Channel [post_writter_override] => -1 [post_source_override] => 255 [news_type] => National [news_source] => B1 ENGLISH [iframe] => https://www.youtube.com/watch?v=yJVtJgqkRe8 [jg_post_template] => 2col [featured] => false [_yoast_wpseo_focuskw] => Mike Pence [_yoast_wpseo_title] => Jokowi, Pence Discuss Ways to Boost Trade [_yoast_wpseo_metadesc] => President Joko Widodo has met United States Vice President, Mike Pence to discuss ways to boost mutual trade and investments between the two nations, particularly in the energy sector. [jglobeShrinker] => http://jglo.be/jNXp [_yoast_wpseo_linkdex] => 32 ) [user_author] => Margarita Putri [author_by_line] => Jakarta Globe News Channel [attachment] => stdClass Object ( [hqdefault] => http://i1.ytimg.com/vi/yJVtJgqkRe8/mqdefault.jpg [mqdefault] => http://i1.ytimg.com/vi/yJVtJgqkRe8/mqdefault.jpg [file] => http://i1.ytimg.com/vi/yJVtJgqkRe8/mqdefault.jpg [sizes] => stdClass Object ( [thumbnail] => stdClass Object ( [file] => http://i1.ytimg.com/vi/yJVtJgqkRe8/mqdefault.jpg ) [medium] => stdClass Object ( [file] => http://i1.ytimg.com/vi/yJVtJgqkRe8/mqdefault.jpg ) [large] => stdClass Object ( [file] => http://i1.ytimg.com/vi/yJVtJgqkRe8/mqdefault.jpg ) ) [image_meta] => stdClass Object ( [caption] => ) ) ) [1] => stdClass Object ( [ID] => 656814 [post_author] => 255 [post_content] =>

Vice President Jusuf Kalla and United States Vice President Mike Pence have met to discuss economic and political cooperation between the two countries.

[post_title] => Kalla, Pence Discuss Economic Cooperation [post_excerpt] => Vice President Jusuf Kalla and United States Vice President Mike Pence have met to discuss economic and political cooperation between the two countries. [post_parent] => 0 [guid] => http://jakartaglobe.id/?p=656814 [post_type] => post [post_date_gmt] => 2017-04-25 08:34:55 [post_date] => 2017-04-25 15:34:55 [post_name] => kalla-pence-discuss-economic-cooperation [author] => Jakarta Globe News Channel [author_permalink] => /author/jakarta-globe-news-channel/ [category] => Array ( [0] => stdClass Object ( [term_id] => 39261 [name] => Business & Economy [slug] => business-tv [parent] => 14435 [term_taxonomy_id] => 39348 [permalink] => news-channel/business-tv ) ) [permalink] => /business-tv/kalla-pence-discuss-economic-cooperation/ [meta] => stdClass Object ( [_edit_lock] => 1493109181:255 [_edit_last] => 255 [post_type_override] => NA [author] => Jakarta Globe News Channel [post_writter_override] => -1 [post_source_override] => 255 [news_type] => National [news_source] => B1 ENGLISH [iframe] => https://www.youtube.com/watch?v=ZJQ_A52RNo4 [jg_post_template] => 2col [featured] => false [_yoast_wpseo_focuskw] => Mike Pence [_yoast_wpseo_title] => Kalla, Pence Discuss Economic Cooperation [_yoast_wpseo_metadesc] => Vice President Jusuf Kalla and United States Vice President Mike Pence have met to discuss economic and political cooperation between the two countries. [jglobeShrinker] => http://jglo.be/jNMo [_yoast_wpseo_linkdex] => 35 ) [user_author] => Margarita Putri [author_by_line] => Jakarta Globe News Channel [attachment] => stdClass Object ( [hqdefault] => http://i1.ytimg.com/vi/ZJQ_A52RNo4/mqdefault.jpg [mqdefault] => http://i1.ytimg.com/vi/ZJQ_A52RNo4/mqdefault.jpg [file] => http://i1.ytimg.com/vi/ZJQ_A52RNo4/mqdefault.jpg [sizes] => stdClass Object ( [thumbnail] => stdClass Object ( [file] => http://i1.ytimg.com/vi/ZJQ_A52RNo4/mqdefault.jpg ) [medium] => stdClass Object ( [file] => http://i1.ytimg.com/vi/ZJQ_A52RNo4/mqdefault.jpg ) [large] => stdClass Object ( [file] => http://i1.ytimg.com/vi/ZJQ_A52RNo4/mqdefault.jpg ) ) [image_meta] => stdClass Object ( [caption] => ) ) ) [2] => stdClass Object ( [ID] => 656811 [post_author] => 255 [post_content] =>

Indonesia and the United States have agreed to strengthen strategic partnerships in economy, energy and counterterrorism measures.

[post_title] => Indonesia, US to Strengthen Strategic Partnerships [post_excerpt] => Indonesia and the United States have agreed to strengthen strategic partnerships in economy, energy and counterterrorism measures. [post_parent] => 0 [guid] => http://jakartaglobe.id/?p=656811 [post_type] => post [post_date_gmt] => 2017-04-25 08:31:26 [post_date] => 2017-04-25 15:31:26 [post_name] => indonesia-us-strengthen-strategic-partnerships [author] => Jakarta Globe News Channel [author_permalink] => /author/jakarta-globe-news-channel/ [category] => Array ( [0] => stdClass Object ( [term_id] => 39260 [name] => National [slug] => national-tv [parent] => 14435 [term_taxonomy_id] => 39347 [permalink] => news-channel/national-tv ) ) [permalink] => /national-tv/indonesia-us-strengthen-strategic-partnerships/ [meta] => stdClass Object ( [_edit_lock] => 1493109048:255 [_edit_last] => 255 [post_type_override] => NA [author] => Jakarta Globe News Channel [post_writter_override] => -1 [post_source_override] => 255 [news_type] => National [news_source] => B1 ENGLISH [iframe] => https://www.youtube.com/watch?v=SR0tPcLfxdE [jg_post_template] => 2col [featured] => false [_yoast_wpseo_focuskw] => Indonesia-US [_yoast_wpseo_metadesc] => Indonesia and the United States have agreed to strengthen strategic partnerships in economy, energy and counterterrorism measures. [jglobeShrinker] => http://jglo.be/jNMi [_yoast_wpseo_linkdex] => 39 ) [user_author] => Margarita Putri [author_by_line] => Jakarta Globe News Channel [attachment] => stdClass Object ( [hqdefault] => http://i1.ytimg.com/vi/SR0tPcLfxdE/mqdefault.jpg [mqdefault] => http://i1.ytimg.com/vi/SR0tPcLfxdE/mqdefault.jpg [file] => http://i1.ytimg.com/vi/SR0tPcLfxdE/mqdefault.jpg [sizes] => stdClass Object ( [thumbnail] => stdClass Object ( [file] => http://i1.ytimg.com/vi/SR0tPcLfxdE/mqdefault.jpg ) [medium] => stdClass Object ( [file] => http://i1.ytimg.com/vi/SR0tPcLfxdE/mqdefault.jpg ) [large] => stdClass Object ( [file] => http://i1.ytimg.com/vi/SR0tPcLfxdE/mqdefault.jpg ) ) [image_meta] => stdClass Object ( [caption] => ) ) ) [3] => stdClass Object ( [ID] => 656490 [post_author] => 292 [post_content] => Jakarta. Foreign Minister Retno Marsudi is scheduled a visit the United States next month to follow up on a bilateral trade agreement discussed during US Vice President Mike Pence's visit to Jakarta last week. "I will be heading to [Washington] DC next month to participate in bilateral meetings about the regulation aspects for trade and investments," Retno said on Friday (21/04), as quoted by state news agency Antara. Retno said she held discussions with other ministers to create a unified Indonesian delegation comprising officials from the ministries of home affairs, industry, agriculture and more to go to Washington. "This will be a critical issue to discuss, as we are coming from a commitment between leaders. It is important to draw up the implementation immediately," Retno added. Pence's visit to Indonesia last week yielded more than $10 billion in bilateral agreements between Indonesian and US companies. Eleven agreements were signed, including for oil and gas giant Exxon Mobil to sell liquefied natural gas to state-owned energy company Pertamina; aerospace and defense company Lockheed Martin to upgrade the Indonesian Air Force's aging F-16 fighter jets; and for General Electric to develop electricity infrastructure in the archipelago. However, Indonesia is on a list of 16 countries included in an executive order US President Trump signed last month to investigate trade imbalances. During his visit, Pence said the United States seeks free and fair trade relationships that will spur job creation and economic growth for both countries. President Joko "Jokowi" Widodo said last week that the two countries are both committed to improve their strategic partnership, which focuses on trade and investment. [post_title] => FM Retno Will Visit US in May to Follow Up on Bilateral Trade Agreement [post_excerpt] => Foreign Minister Retno Marsudi will visit the United States next month to follow up on Indonesia-US bilateral trade agreement forged during US Vice President Mike Pence’s visit to Jakarta last week. [post_parent] => 0 [guid] => http://jakartaglobe.id/?p=656490 [post_type] => post [post_date_gmt] => 2017-04-24 11:59:54 [post_date] => 2017-04-24 18:59:54 [post_name] => fm-retno-will-visit-us-in-may-to-follow-up-on-bilateral-trade-agreement [author] => Sheany [author_permalink] => /author/sheany/ [category] => Array ( [0] => stdClass Object ( [term_id] => 23363 [name] => Foreign Affairs [slug] => foreign-affairs-news [parent] => 79 [term_taxonomy_id] => 23447 [permalink] => news/foreign-affairs-news ) ) [permalink] => /foreign-affairs-news/fm-retno-will-visit-us-in-may-to-follow-up-on-bilateral-trade-agreement/ [meta] => stdClass Object ( [_edit_lock] => 1493035204:297 [_edit_last] => 297 [_thumbnail_id] => 517782 [post_type_override] => NA [author] => Sheany [post_writter_override] => -1 [post_source_override] => 292 [news_type] => National [news_source] => JG [jg_post_template] => 2col [featured] => false [_yoast_wpseo_focuskw] => retno [_yoast_wpseo_metadesc] => Foreign Minister Retno Marsudi will visit the United States in May to follow up on bilateral trade agreement discussed with US Vice President Mike Pence. 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(Antara Photo/Yudhi Mahatma) [created_timestamp] => 1458049724 [copyright] => ANTARA FOTO [focal_length] => 100 [iso] => 1250 [shutter_speed] => 0.00625 [title] => Menlu Retno LP Marsudi memberikan keterangan terkait pelarangan akses oleh otoritas Israel beberapa waktu lalu, Istana Merdeka, Jakarta, Selasa (15/3) ) [post_id] => 517782 ) ) [4] => stdClass Object ( [ID] => 656216 [post_author] => 199 [post_content] => Jakarta. The United States Vice President Mike Pence's visit to Indonesia on Thursday (20/04) resulted in a number of significant takeaways, including common understanding between the two countries to reduce economic and political barriers, as well as improve trade and investment. The visit yielded more than $10 billion in deals between Indonesian and US companies, but there is always a catch. Iskandar Hadrianto, a foreign policy analyst and a former senior Indonesian diplomat, said in an article published in the Jakarta Globe on Friday that even though Pence's visit promised many good things for Indonesia, the old adage still holds: "there's no such thing as a free lunch." "Pence's visit to Jakarta, apart from being carefully geared to secure US interests in Indonesia (primarily Freeport, though this was never made public), was also meant to convince Indonesians that the Trump administration will not leave Asean on its own devices to handle regional security," Iskandar, who has done some work for the Asia-Pacific Center for Security Studies — a US Department of Defense academic institute that seeks to address regional and global security issues — said. When he mentioned Freeport, the former diplomat was referring to the dispute between the Indonesian government and US mining giant Freeport McMoran over rights to one of the world's biggest gold and copper mines in Grasberg, Papua. Diplomacy worked its magic, and Freeport finally secured a permit to resume copper exports from Indonesia on Friday after a hiatus of more than three months, according to a Reuters report. During Pence's visit to Indonesia — part of his 10-day Asian tour — Indonesian and US companies signed a total of 11 agreements, including for oil and gas giant Exxon Mobil to sell liquefied natural gas to Indonesia's state energy company Pertamina, aerospace and defense company Lockheed Martin to provide upgrades to the Indonesian Air Force's aging F-16s, and conglomerate General Electric to develop electricity infrastructure throughout the archipelago. "The Americans showed they were still eager to make more trade and investment deals with Asean countries," Iskandar said. However, one of the most highlighted issues that has made the headline since Pence's visit is that Indonesia was put on a list of 16 countries which US president Donald Trump said need to be reprimanded for causing significant trade deficit to the superpower. Among members of the Association of Southeast Asian Nations, or Asean, two are on the US hit list: Vietnam, which enjoyed a $32 billion trade surplus with the US last year, and Indonesia, which enjoyed a trade surplus of $13 billion according to the US. Trump's executive order placed China on top of the hit list with a $347 billion trade surplus, followed by Japan ($69 billion), Germany ($65 billion) and Mexico ($63 billion). Indonesia's trade minister Enggartiasto Lukita responded to the news cautiously, saying Indonesia will respond by listing problematic export deals with the US and requesting the ministry's representative in Washington, D.C., to monitor development on the Trump policy, Bank Indonesia Senior Deputy Governor Mirza Adityaswara had tried to defuse the conflict, arguing that Indonesia has done nothing to disadvantage US companies in trade deals. Mirza, one of the speakers in the GlobeAsia business summit on April 6, said US authorities may scrutinize a country if it intervenes in the market to keep its currency low for at least a year, which will allow for cheaper export to the US market. "Indonesia has never done that, whenever [the rupiah] falls, the central bank intervenes only to stabilize it. In many cases, this actually strengthened the value of the rupiah," Mirza said. [caption id="attachment_656251" align="aligncenter" width="1024"]From left to right, the Indonesian Chambers of Commerce and Industry (Kadin) chairman Rosan P. Roeslani, Lippo Group President Theo L. Samuaga, Bank Indonesia Senior Deputy Governor Mirza Adityaswara, BeritaSatu Media Holding Chief Executive Sinyo Harry Sarundajang and GlobeAsia Editor-in-Chief Shoeb Kagda Zainuddin at the GlobeAsia Business Summit 2017 on April 6, celebrating the magazine's 10th anniversary. (GA Photo/Defrizal) From left to right, the Indonesian Chambers of Commerce and Industry (Kadin) chairman Rosan P. Roeslani, Lippo Group President Theo L. Samuaga, Bank Indonesia Senior Deputy Governor Mirza Adityaswara, BeritaSatu Media Holding Chief Executive Sinyo Harry Sarundajang and GlobeAsia Editor-in-Chief Shoeb Kagda Zainuddin at the GlobeAsia Business Summit 2017 on April 6, celebrating the magazine's 10th anniversary. (GA Photo/Defrizal)[/caption] Indonesia exports many agricultural products to the US, including rubber, tropical oils, coffee and spices. It also exports knit apparel, woven apparel, electrical machinery and footwear. Meanwhile, the US's biggest exports to Southeast Asia are machinery, transportation equipment including aircraft, food and agricultural products, machinery and chemicals. The chairman of the Indonesian Chambers of Commerce and Industry (Kadin) Rosan P. Roeslani said Indonesia needs not be alarmed as the US is not aiming to hurt trade relationship with the archipelago nation. He said the US is just seeking a way to balance the trade ledger. "I have spoken with the trade attaché at the US embassy. This is not about reducing Indonesia's slice of the [export] pie or reducing trade with more barriers," he said. Rosan was also one of the speakers at the GlobeAsia summit, which discussed "The Impact of Trumponomics on Indonesia" and took place at Museum Bank Indonesia in Central Jakarta. Other speakers included Yoga Affandi, director of economic and monetary policy at Bank Indonesia, Adam Mulawarman Tugio, director of US-Indonesia relations at the Ministry of Foreign Affairs, and Indra Darmawan, international business cooperation director of Indonesia's Investment Coordinating Board, known as the BKPM. Speaking to reporters at a separate event, Finance Minister Sri Mulyani Indrawati and Chief Economics Minister Darmin Nasution also said the US trade hit list is nothing Indonesia has to worry about. "Let it be. Let's not bother ourselves with it," the economic tzar said on April 5 in Jakarta. On the same day, Sri Mulyani told reporters that even though it is not yet time for the government to worry, it needs to remain cautious about the possible impact's of Trump's executive order. While the US remains one of Indonesia's biggest trading partners, President Joko Widodo has instructed his ministries to expand Indonesia's export market to include countries in Africa, Central Asia, the Middle East and Eurasia and countries that are members of the Regional Comprehensive Economic Partnership (RCEP). RCEP is a proposed free trade agreement (FTA) between Asean's ten member states. Save [post_title] => Good Takeaways From Pence's Visit, But Can Indonesia Get Away From US Trade Hit List? 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Indonesia halted Freeport's copper concentrate exports in January under new rules that require the Arizona-based company to adopt a special licence, pay new taxes and royalties, divest a 51 percent stake in its operations and relinquish arbitration rights. The dispute has cost the company and Indonesia hundreds of millions of dollars. Jakarta has said it would halt exports again if negotiations over sticking points were not resolved within six months. Freeport has also warned Jakarta, saying it had the right to commence arbitration by June 17 if no agreement was reached. Pence thanked Indonesian President Joko "Jokowi" Widodo for the interim solution to the Freeport dispute on Friday but said more steps were still needed, a White House foreign policy adviser said. "We told them that there were more steps that needed to be taken," the adviser said, noting this was the only business issue Pence raised in his meeting with Jokowi on Thursday. Abseneeism, Furloughs  Tensions are rising around Grasberg after Freeport laid off thousands of workers there to stem losses from its dispute with the Indonesian government over mining rights. Freeport warned on Friday it would punish workers for absenteeism, a day after one of the main unions announced plans to strike over employment conditions. "Freeport Indonesia has experienced a high level of absenteeism over the last several days," Freeport spokesman Eric Kinneberg said. "Absenteeism is being tracked and disciplinary actions will be enforced under the terms of the Collective Labour Agreement," he said. Freeport had "demobilized" just over 10 percent of its workforce of 32,000 by last week, a number expected to grow until the dispute is fully resolved. The Freeport workers' union said the company's efforts to reduce its workforce so far have had "extensive impacts on workers and their families". Workers are worried about the layoffs "because there are no limits or specific criteria on workers who will be furloughed," the union said. It demanded an end to the furlough policy and notified Freeport of plans to strike for 30 days from May 1. "Efforts by the company to cut costs and reduce their numbers of workers, this is what has made them feel agitated," said Virgo Solossa, a Freeport workers' union member told Reuters, but said many other workers would not join the strike. Adding to tensions around Grasberg, several Freeport workers and police were injured in a clash in Papua on Thursday, when officers fired rubber bullets at demonstrators in Timika. Timika Police Chief Victor Machbon confirmed the details of the incident and said about 1,000 demonstrators attempting to free a union leader at a court hearing had not dispersed when tear gas was fired. According to the trade ministry, Freeport exported 1.17 million tons of copper concentrate to Japan, South Korea, China, India and the Philippines in 2016. Reuters [post_title] => Freeport Collects Export Permit After Pence Visit [post_excerpt] => Freeport McMoRan collected a permit to resume copper exports from Indonesia on Friday (21/04) after a hiatus of more than three months, hours after a state visit by US Vice President Mike Pence, who discussed the copper miner's dispute with Jakarta. 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(Reuters Photo/Beawiharta) Pence's daughters, Charlotte, left, and Audrey, right, sit with Jokowi's daughter Kahiyang Ayu, center, as they watch a Balinese dance at the Presidential Palace. (Reuters Photo/Beawiharta)[/caption] [caption id="attachment_656106" align="aligncenter" width="1024"]Vice President Pence listens during a meeting with Muslim community leaders at the Istiqlal Mosque in Central Jakarta on Thursday. (Reuters Photo/Beawiharta) Vice President Pence listens during a meeting with Muslim community leaders at the Istiqlal Mosque in Central Jakarta on Thursday. (Reuters Photo/Beawiharta)[/caption] [caption id="attachment_656107" align="aligncenter" width="1024"]Vice President Pence talks to reporters after meeting with ambassadors of the Association of Southeast Asian Nations (Asean) in Jakarta on Thursday. (Reuters Photo/Beawiharta) Vice President Pence talks to reporters after meeting with ambassadors of the Association of Southeast Asian Nations (Asean) in Jakarta on Thursday. (Reuters Photo/Beawiharta)[/caption] [caption id="attachment_656108" align="aligncenter" width="1024"]Vice President Pence, accompanied by his wife Karen, left, talks with chief imam Nasaruddin Umar during his visit to the Istiqlal Mosque on Thursday. (Reuters Photo/Beawiharta) Vice President Pence, accompanied by his wife Karen, left, talks with chief imam Nasaruddin Umar during his visit to the Istiqlal Mosque on Thursday. (Reuters Photo/Beawiharta)[/caption] [caption id="attachment_656109" align="aligncenter" width="1024"]Pence and his wife Karen wave before departing for Australia at Halim Perdanakusuma International Airport in East Jakarta on Friday. (Reuters Photo/Beawiharta) Pence and his wife Karen wave before departing for Australia at Halim Perdanakusuma International Airport in East Jakarta on Friday. (Reuters Photo/Beawiharta)[/caption] [caption id="attachment_656110" align="aligncenter" width="1024"]Pence shakes hands with Indonesian Vice President Jusuf Kalla, left, as he arrives to speak at a business forum at the Shangri-La Hotel in Central Jakarta on Friday. (Reuters Photo/Beawiharta) Pence shakes hands with Indonesian Vice President Jusuf Kalla, left, as he arrives to speak at a business forum at the Shangri-La Hotel in Central Jakarta on Friday. 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Jakarta. Indonesia's benchmark stock index rebounded on Friday (21/04) after a decline in the previous day, on the back of a positive sentiment on the domestic market.

The Jakarta Composite Index (JCI) closed 1.23 percent higher at 5,664.75, gainers beat decliners 184 by 136.

It was an expected rebound from Thursday's 0.2 percent loss, when property stocks were hit by concerns over the fate of developments in the controversial North Jakarta reclamation project, after quick counts indicated that incumbent Jakarta Governor Basuki "Ahok" Tjahaja Purnama, who supported it, lost the election.

Analysts had said the unexpectedly peaceful Jakarta gubernatorial election had improved long-term prospects for investors.

On Friday, foreign investors, accounting for 38 percent of the day's total trade, bought Rp 312.1 billion ($23.5 million) more in shares than they sold, while domestic investors sold Rp 312 billion more in shares than they bought.

Stocks in the miscellaneous industry category, which include stocks in automotive sector, gained 5.63 percent on Friday, while infrastructure, utilities and transportation stocks surged by 4.29 percent.

Binaartha Sekuritas equity analyst Nafan Ali said a bilateral trade agreement between Indonesia and United States had given the stock market a boost.

US Vice President Mike Pence arrived in Jakarta on Wednesday in a bid to boost strategic partnership between the two countries. Pence witnessed the signing of 11 memoranda of understanding between Indonesia and US companies worth more than $10 billion on Friday.

"Another positive factor was Bank Indonesia's decision to keep its benchmark rate unchanged," Nafan said.

On Thursday, the central bank decided to keep its seven-day reverse repo rate at 4.75 percent, its deposit facility rate at 4 percent and its lending facility rate at 5.5 percent.

The rupiah strengthened to 13,320 against the greenback on Friday, compared to 13,328 the day before, according to the Jakarta Inter-Bank Spot Dollar rate, compiled by Bank Indonesia.

The Indonesia Stock Exchange will see no trading on Monday, April 24, a public holiday. Trade will resume on Tuesday, April 25.

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Taking into account previous talks between Japanese Prime Minister Shinzo Abe and US President Donand Trump on the fate of the Trans Pacific Partnership (TPP); the political discourses that developed out of German Chancellor Angela Merkel's visit to the US and their effects on the future of European security — including the future of NATO; and Chinese President Xi Jinping's talks with Trump on furthering US-China partnership, it's quite clear that US foreign policy will now be negotiated on a country-to-country basis. Pence's visit to Jakarta, apart from being carefully geared to secure US interests in Indonesia (primarily Freeport, though this was never made public), was also meant to convince the Indonesians that the Trump administration will not leave Asean on its own devices to handle regional security. The Americans also showed they were still eager to make more trade and investment deals with Asean countries. In response to the escalating tension in South China Sea, Pence reiterated the importance of the SCS Code of Conduct to defuse hostility between the conflicting parties. In the end though, Pence refused to give guarantee to Asean countries, or to Japan and South Korea, that the US will intervene directly to curb North Korean leader Kim Jong-Un's belligerent maneuvers. Pence said the US will rely on China to put pressure on North Korea to put a stop to its weekly missile tests that have severely compromised regional security arrangements. Trump is trying to persuade China to agree to a political and security deal: in return for helping the US keep the Korean Peninsula safe, the Americans promise they will do their best to wipe out trade deficit with China. To Japan, the US is continuing to promise security guarantees, enhancing the existing US-Japan defense agreement by including a clause that says any attempt to strike Japan using nuclear weapons would be interpreted as a direct attack on the US. In exchange, Trump wants Japan to open more opportunities for American trade and investment. The US president is also pushing the same deal to the Europeans. Trump has clearly stated that European countries have to start paying up for defense costs that the US has been covering on its own. In other words, Europe needs to start digging deep into its pockets if it wants to keep NATO going. During a meeting with Indonesian President Joko "Jokowi" Widodo, Pence put pressure on Indonesia to open up more market access for US merchandise and investment. In return, the US will help Southeast Asia's biggest economy maintain peace and security. To sum up, US foreign policy under Trump shows a new forthrightness that disguises the same old story: a willingness to link economic ventures with security issues. The Americans are only too happy to be a world police, but only as long as its trade and investment partners are willing to pay for it. Iskandar Hadrianto is a foreign policy analyst. He is a former senior diplomat and official at Indonesia's Ministry of Foreign Affairs. A graduate of the Salzburg Diplomatic Academy and an alumni of the United Nations Leadership Academy, Iskandar has also worked for the Asia-Pacific Center for Security Studies. 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