onsdag 3. juli 2024

Indonesia rebuffs China’s Global South trade drive

Beijing’s strategy to boost trade relations with countries in the Global South to diversify away from closing Western markets has taken a hit with Indonesia’s announced intention to impose a 100-200% tariff on China’s labor-intensive goods.Over the past few days, several Indonesian officials have said that the world’s fourth most populous nation is drafting regulations to impose anti-dumping duties and safeguard measures on cheap Chinese products such as textiles, footwear, electronics, ceramics and bags.