🧔♂️ A friendly human may check it before it goes live. More news here
US increases tariffs to 32% on Indonesian imports
US President Donald Trump announced an increase in import tariffs affecting countries, including Indonesia.
Indonesia’s tariff will now be 32%, while other Southeast Asian countries like Thailand and Cambodia will face higher rates of 36% and 49%, respectively.
Malaysia and Singapore will see smaller increases, with tariffs set at 24% and 10%. A base tariff of 10% will apply to imports from all nations.
These tariffs target countries with significant trade surpluses with the US, and the policy aims to strengthen US manufacturing.
China, already facing tariffs, will see an additional 34% rate, bringing the total to 54%. Meanwhile, Indonesia has been increasing tariffs on competing local products, especially in electronics, chemicals, and agriculture.
In 2024, Indonesia also imposed a 10% duty on specific tech products, despite a WTO-mandated zero percent rate.
🔗 Source: Katadata