Indonesia imposes up to 200% tariffs on some Chinese imports to protect local industries.

Indonesia is balancing domestic industries' protection against Chinese imports, causing local manufacturers' market share loss. The government has announced up to 200% import tariffs on certain Chinese products, including textiles, clothing, footwear, electronics, ceramics, and cosmetics, to protect local businesses and prevent layoffs. However, China is Indonesia's largest trading partner, with over $127 billion in bilateral trade in 2023. The surge of Chinese imports partly results from US-China trade tension and affects various Asian countries due to free trade agreements. Indonesia has set up a task force to monitor and handle related import issues.

August 21, 2024
22 Articles