New US tariff, exemptions will provide growth stimulus for Indonesia, minister says
Indonesia's chief economic minister stated that a new 10 percent tariff imposed by the United States on its exports, along with potential exemptions for key products, could stimulate economic growth. The U.S. Trade Representative has proposed tariffs on imports from multiple countries due to concerns over forced labor. The minister expressed optimism that Indonesia's request for product exclusions would be granted, which could enhance the competitiveness of Indonesian commodities in the U.S. market.
- ▪The U.S. has proposed a 10 percent tariff on Indonesian exports, lower than some competitors.
- ▪Indonesia's chief economic minister believes this tariff could stimulate economic growth.
- ▪The U.S. Trade Representative is considering exemptions for 18 Indonesian products.
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