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Indonesia plans tariffs of up to 200% on China-made products to protect domestic industries
- An influx of Chinese-made products has hurt Indonesia’s textile industry as companies struggle with lay-offs and revenue loss
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Indonesia is planning to impose up to 200 per cent tariffs on certain China-made products as it seeks to protect its domestic manufacturing industry against dumping practices triggered by Western nations’ trade wars with Beijing.
President Joko Widodo convened his economic ministers at the Presidential Palace on Tuesday to discuss the tariffs, which are likely to be announced “in two weeks”, according to Industry Minister Agus Gumiwang Kartasasmita.
The tariff plan was first revealed by Trade Minister Zulkifli Hasan last week.
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“The United States can impose a 200 per cent tariff on imported ceramics or clothes, we can do it as well to ensure our MSMEs [micro, small, and medium enterprises] and industries will survive and thrive,” Zulkifli told reporters on Friday.
According to him, the trade war between China and the West has resulted in an influx of Chinese-made products in markets such as Indonesia as producers redirect exports elsewhere.
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The Ministry of Finance last week also said it was preparing a regulation to impose taxes known as safeguard duties and anti-dumping duties on China-made textiles, garments, footwear, electronics, ceramics and cosmetics.
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