Indonesian exports of cocoa, palm oil, and rubber will enjoy a reprieve from the 19% tariff imposed by President Donald Trump since August 7. The chief tariff negotiator of the Southeast Asian nation announced that the United States has agreed in principle to exempt these key commodities from the tariffs. This decision marks a significant development in trade relations between the two countries.
Indonesia Secures Tariff Exemption for Palm Oil, Cocoa, and Rubber Exports to the US
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