Indonesia searches for ways to balance domestic industries with surging Chinese imports

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Indonesia searches for ways to balance domestic industries with surging Chinese imports - Economic Times

Quick Summary:

A protest by workers in Jakarta prompted Indonesian Minister of Trade Zulkifli Hasan to announce in July that the government will impose import tariffs of up to 200% on some products from China, particularly textiles, clothing, footwear, electronics, ceramics and cosmetics, to try to protect local businesses and prevent layoffs.

Industry groups in Thailand have also expressed increasing concern about an influx of cheap products from China, which they say have greatly hurt sales by domestic producers who are unable to compete.

Nearly half of the materials his company uses are from China.“I don't agree with imposing (higher tariffs) on raw products, since the government should protect the supply chain.