INSUBCONTINENT EXCLUSIVE:
administration suspended plans to apply a 32?% tariff on imports from Indonesia after Jakarta indicated it could buy up to?\$15.5?billion in
oil and gas.The tariff proposal, announced earlier this year, had been scheduled to take effect at the end of July
most trading partners, with higher duties for countries running sizable goods?trade surpluses with the United States.Indonesia exported
about?\$38?billion in goods to the U.S
in?2024, resulting in a bilateral surplus of roughly?\$17.9?billion
Indonesian officials said the proposed duties would have affected sectors such as palm oil, textiles, and electronics.In response,
Indonesian negotiators traveled to Washington and outlined a potential long?term purchase of U.S
energy products.U.S.?Pauses Proposed 32?% Tariff on Indonesian Goods Pending Energy Purchase Talks
with these purchases if the tariff increase were delayed
grouping that includes Brazil, Russia, India, China, and South Africa
States that import Indonesian furniture, clothing, and food ingredients warned that higher duties could raise consumer prices, but no
revised tariff schedules or draft agreements have been released.The final outcome will depend on whether both governments conclude a formal
arrangement covering the suggested energy purchases and any accompanying tariff changes.For Indonesia, the immediate priority is to maintain
For the United States, the focus is on expanding energy sales while addressing the bilateral trade balance
The suspension remains provisional until detailed terms are agreed and published.
