Indonesia Minister Sees Growth Stimulus from US Tariffs
Economic Minister Airlangga Hartarto expects proposed U.S. tariff exemptions for 18 Indonesian products to boost industrial competitiveness and reduce costs. The minister anticipates that copper cathode exports from Freeport Indonesia will also receive specific trade relief.
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Indonesia expects a new 10% trade duty from the United States to stimulate industrial growth through strategic product exemptions. Chief economic minister Airlangga Hartarto said the proposed rate, which applies to 60 countries total, is lower than the 12.5% maximum facing other nations. The measures aim to reduce export costs and increase the competitiveness of Indonesian commodities in the American market.
