Indonesia Reduces Import Taxes on U.S. Goods Ahead of Tariff Talks

Facing a 32% U.S. tariff set to take effect Wednesday, Indonesia announces concessions and prepares for high-level negotiations next week.

Indonesia has lowered import taxes on U.S. steel, mining products, and health equipment to between 0% and 5%, down from rates of 5% to 10%.
Import taxes on electronics, mobile phones, and laptops from any country have been reduced to 0.5% from 2.5%.
A high-level delegation led by Chief Economic Minister Airlangga Hartarto will travel to the U.S. next week to negotiate and mitigate the tariff's impact.
Indonesia plans to purchase liquefied petroleum gas, liquefied natural gas, and soybeans from the U.S. as part of its strategy to offset trade tensions.
The measures aim to protect Indonesia’s $16.8 billion trade surplus with the U.S., its third-largest export destination in 2024.