Indonesia Looks to Buy More U.S. Fuel to Avoid Steep Tariffs
Friday, 9 May 2025 () Indonesia plans to slash its fuel imports from Singapore and source more refined products from the United States as the country looks to negotiate lower tariffs with the U.S. Indonesia was slapped with one of the highest tariffs - 32% - in the “liberation day” tariffs announced by U.S. President Donald Trump in early April. These tariffs have been suspended for 90 days, during which the Trump Administration expects most countries to come pleading their cases and promising to boost their imports of U.S. goods to avoid high tariffs. In…
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Friday, 9 May 2025 ()
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