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View all search resultsTrump's newly announced "world tariff" plan for rates between 15 and 20 percent has left the government in a state of agitated ambiguity, especially following the comprehensive concessions Indonesia has made to secure a 19 percent tariff via the recently agreed framework trade deal with the US.
The government currently sees no need to send another delegation to the United States for the negotiations on tariffs as it believes it has made its case for open bilateral trade and says the ball is now in the US’ court.
Indonesia’s Trade Ministry says it will carefully “monitor” Malaysia’s antidumping duty imposed on Indonesian plastic goods and may bring the matter to the World Trade Organization (WTO) “if necessary”, while experts urge swift action to protect domestic industries.
India meets nearly two-thirds of its vegetable oil demand through imports, with palm oil mainly bought from Indonesia, Malaysia and Thailand, while soyoil and sunflower oil imported from Argentina, Brazil, Russia and Ukraine.
The government has softened its rhetoric after threatening to impose antidumping tariffs of 200 percent on imported ceramic products, but after a probe ended earlier this month, it remains unclear which importers will be subject to which tariffs.
The Trade Ministry says it will conduct a wide-ranging investigation into seven industries that have suffered heavy job losses in recent months, including textiles and apparel, before making any decision on possible protective tariffs.
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