Indonesia, Donald Trump
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8hon 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 to impose anti-dumping and countervailing duties on imports from Indonesia, India and Laos, according to documents on an agency web site.
Indonesia is the second ASEAN nation to strike a tariff deal after US President Donald Trump's ultimatum to a list of countries. Whether it's a good deal for Jakarta depends on who you ask.
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.
The United States recent tariff announcements have cut down forecast for Southeast Asian economies, with the more export-dependent countries seen to be more vulnerable, a regional webinar heard Thursday.
Indonesia’s recent agreements with the Western superpower and the European bloc could set the path for other nations seeking similar arrangements. But experts warn against potential pitfalls and sacrificing domestic interests.
U.S. Commerce Secretary Howard Lutnick said Tuesday on CNBC that there will be no tariffs on U.S. goods in Indonesia while Indonesia will pay tariffs in the United States.