Indonesia faces 19% tariff as part of trade deal
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Long before President Trump wielded tariffs as a weapon to punish Indonesia, the country was fighting back a flood of cheap Chinese goods.
The reciprocal tariff agreement between the US and Indonesia could lead to a trade imbalance and a deficit in the balance of payments.
A group of U.S. solar panel manufacturers asked the Commerce Department to impose anti-dumping and countervailing duties on imports from Indonesia, India and Laos, according to documents on an agency web site.
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.
US solar manufacturers file trade petitions against India, Indonesia, and Laos, alleging illegal practices by Chinese-owned companies.
Indonesia's central bank cut rates on Wednesday for the fourth time since September and said a revised tariff deal with the United States was positive for Southeast Asia's biggest economy amid weakening global trade and slowing domestic demand.
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.