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Market Chatter: Indonesia Gets US Tariff Exemptions for Spare Parts, Plantation Commodities

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Indonesia has secured tax exemptions from the US for various commodities, including spare part and plantation commodity exports, The Jakarta Globe reported Monday, citing Chief Economic Minister Airlangga Hartarto

The news came following talks between Hartarto and Trump administration's trade chief, Jamieson Greer, in Paris.

The Trump administration recently proposed a new tariff of 10% on Indonesia over allegations that it failed to stop inflows of goods made by forced labor. This, coupled with a separate probe on excess capacity, could push tariffs on Indonesia to 18%, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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