Indonesia to Offer to Buy $10 Billion of Additional U.S. Energy Goods

Indonesia to Offer to Buy $10 Billion of Additional U.S. Energy Goods

As Indonesia seeks to negotiate a reduction of a planned tariff of 32% on Indonesian goods sold in the United States, the government of Southeast Asia’s biggest economy will offer to buy an additional $10 billion worth of American oil and liquefied petroleum gas (LPG). Indonesia was slapped with one of the highest tariffs - 32% - in the “liberation day” tariffs announced by U.S. President Donald Trump. These tariffs were suspended last week for …

Indonesia to propose US$10 billion US energy imports increase in tariff talks

Indonesia will propose increasing its imports of crude oil and liquefied petroleum gas from the US by around US$10 billion as part of its tariff negotiations, Energy Minister Bahlil Lahadalia told local media on Tuesday (Apr 15).