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View all search resultsThe senior economy minister has divulged that Australia, Canada and China would join the US in receiving special treatment under the latest version of the DHE SDA policy, with the government set to discuss further details until announcing the final arrangement.
Efforts to frame an interim trade pact, including a proposal to lower US tariffs on Indian goods to about 18 percent, have been clouded by uncertainty following a US Supreme Court ruling although negotiations are continuing.
The government said that ratifying the ART agreement was not on its near-term agenda and that it would contest allegations of unfair trade practices later raised by the US in its Section 301 probe.
The government is focusing on gathering data and evidence for its rebuttal strategy against the USTR's new Section 301 probes into unfair trade practices, which are racing toward a July deadline, when Washington's latest 10 percent tariff expires.
US trade investigations against Indonesia and other countries over alleged unfair practices could give Washington new leverage in bilateral negotiations after the US Supreme Court struck down the initial legal basis for the Agreement on Reciprocal Trade (ART).
US President Donald Trump's administration launched a new trade investigation on Wednesday into excess industrial capacity in 16 major trading partners in a move to rebuild tariff pressure after the US Supreme Court tore down the centerpiece of Trump's tariff program last month.
Iran may be indefensible, but that does not make an illegal war against it justifiable. By remaining silent, Indonesia is not choosing neutrality; it is choosing to abandon its founding principles in the face of raw coercion.
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