Indonesia says US agrees to tariff exemption for its palm oil, cocoa and rubber


The exemption will take effect once both sides reach a final agreement, but no timeline has been set. - AFP

JAKARTA: 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 Aug 7, Indonesia's top trade negotiator said on Tuesday (Aug 26).

The exemption will take effect once both sides reach a final agreement, but no timeline has been set because the US is busy in tariff talks with other countries, Airlangga Hartarto, who is also the chief economic minister, told Reuters.

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Indonesia , United States , exports , cocoa , palm oil , rubber , tariffs

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