Trade
Indonesia Seeks US Negotiations, Pledges to Ease Trade Barriers
Palm oil loaded into trucks at Tanjung Priok Port in Jakarta.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Indonesia pledged to ease trade rules as it seeks to negotiate with the US on the latter’s plan to impose a 32% tariff on products from Southeast Asia’s largest economy.
President Prabowo Subianto ordered his cabinet to simplify regulations, including by easing non-tariff barriers, after the US announced the reciprocal tariff on Indonesia, the Coordinating Ministry of Economic Affairs said in a statement on Thursday.