Indonesia faces 19% tariff as part of trade deal
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A group of U.S. solar panel manufacturers asked the Commerce Department to impose anti-dumping and countervailing duties on imports from Indonesia, India and Laos, according to documents on an agency web site.
A coalition of leading US solar panel manufacturers has filed a formal petition urging the US commerce department to impose tariffs on solar imports from India, Indonesia, and Laos.The group alleges that producers in these countries are flooding the American market with artificially low-priced solar panels,
Indonesia's central bank cut rates on Wednesday for the fourth time since September and said a revised tariff deal with the United States was positive for Southeast Asia's biggest economy amid weakening global trade and slowing domestic demand.
President Trump said the agreement would partly walk back some of the steep tariffs he threatened on the country last week. Indonesia’s president called Mr. Trump a “tough negotiator.”
Indonesia’s president confirmed he struck a tariff deal with the US after direct negotiations with President Donald Trump accelerated months of talks between officials of both countries.
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