Indonesia faces 19% tariff as part of trade deal
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15hon MSN
Mari Pangestu, Indonesia President's Special Advisor for International Trade says Indonesia will continue to negotiate with the U.S. on the details of the trade agreement and stresses that deregulation and reforms are key to Indonesia's response to the uncertainty in the world these days.
A group of U.S. solar panel manufacturers asked the Commerce Department on Thursday to impose tariffs on imports from Indonesia, India and Laos, accusing companies there of dumping cheap goods in the market to undercut new American factories.
Indonesia sees securing a 19% tariff rate with the US as a “huge win” for some of the Southeast Asian nation’s most labor-intensive sectors such as garments and footwear, a government adviser said Wednesday.
Indonesia is leveraging a potential $10 billion oil and fuel import deal to pressure the U.S. into lowering steep tariffs on Indonesian goods.
TEMPO.CO, Jakarta - The European Union (EU) has proposed a new round of retaliatory tariffs on the United States, targeting key sectors such as aviation, motor vehicles, and agricultural goods, including Bourbon whiskey.