US EditionIndonesia says US agrees tariff exemption for its palm oil, cocoa and rubber
The exemption covers key commodities not produced in the US, potentially boosting Indonesia's economic growth to 5.4% in 2026, officials said.
- On Tuesday, Airlangga Hartarto said the United States agreed in principle to exempt Indonesian cocoa, palm oil and rubber from tariffs imposed since August 7.
- Indonesia offered billions in US investment and purchases of American crude, LPG, planes and farm products, and promised zero tariffs on almost all US goods entering its market during negotiations, Airlangga Hartarto said.
- Officials also discussed US investment in fuel storage with Danantara and Pertamina, while Jakarta aims to attract foreign investors for commodity processing, inspired by Chinese investment in nickel projects and interest in silica sand and solar wafers.
- There is no set timeline for implementation, with the United States occupied by other tariff talks, and Jakarta faces tariffs equal to Thailand and Malaysia, just below Vietnam's 20 percent, Airlangga Hartarto said.
- Indonesia's status as the world's largest palm oil exporter frames the exemption's importance, with officials saying tariff certainty and European Union free trade talks could boost investor confidence and economic growth targets.
14 Articles
14 Articles
Indonesia says US agrees tariff exemption for its palm oil, cocoa and rubber
The United States has agreed in principle to exempt Indonesian exports of cocoa, palm oil and rubber from the 19% tariff imposed by President Donald Trump since August 7, Indonesia's top trade negotiator said on Tuesday.
U.S. Agrees to Ease Tariffs on Indonesian Cocoa, Palm Oil, and Rubber
The United States has agreed in principle to exempt Indonesian cocoa, palm oil, and rubber exports from a 19% tariff. A final agreement is pending. Discussions also included potential U.S. investment in Indonesia's fuel storage sector. Indonesia offered investments and tariff concessions on American goods.
Donald Trump grants Indonesia partial tariff exemption
The United States has reached an agreement in principle with Indonesia to exempt certain products from the 19 percent tariffs that Trump imposed on August 7. These are cocoa, palm oil and rubber, the chief negotiator for customs in Southeast Asia, Airlangga Hartarto, who is also the minister of economy, said on Tuesday. The exemption will take effect when both sides finalize the deal, but the exact timeframe has not yet been determined, as the …
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