Indonesia Expects Its Final US Section 301 Tariff Rate to Be 18%

The Indonesian government expects a final US tariff rate of 18% after combining the various tariff components and agreed product exclusions, Coordinating Minister for Economic Affairs Airlangga Hartarto says in a statement.

• Indonesia’s position is more favorable than that of many other US trading partners, he says
• The 18% rate is a projection, subject to ongoing US legal and administrative processes, including further public comments and hearings
• After July 24, a permanent 10% tariff linked to forced labor concerns is expected to take effect; an additional tariff related to structural excess capacity will be added several weeks later
• A “special ...