Indonesia Imposes 200% Tariffs on Chinese Goods
To counter the effects of the ongoing trade war between the United States and China, Indonesia has announced plans to impose import tariffs of up to 200% on Chinese products. This move aims to protect local industries from the influx of Chinese goods that are being redirected to Indonesia due to trade tensions with Western countries.
The new tariffs are part of a series of regulations introduced by the Indonesian government to control imports and protect domestic industries. While the initial regulations faced challenges and criticisms, the government has made adjustments to address these concerns.
Overall, Indonesia's decision to impose high tariffs on Chinese goods reflects the growing tensions in global trade and the efforts of countries to protect their domestic industries.
source : AntaraNews
The Indonesian shrimp industry is experiencing the impact of U.S. antidumping tariffs, which were imposed after a U.S. Department of Commerce investigation determined a 6.3 percent antidumping margin on Indonesian shrimp. This has led to financial losses and reduced employment in the labor-intensive sector. Indonesian exporters are finding it challenging to sell to the U.S. due to uncompetitive prices and are looking to reduce raw material costs. The industry is also exploring other markets like China, Japan, Australia, and South Korea to mitigate the impact.
#indonesia #usa #tariffs #shrimp