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Market
Market Reaction to Indonesian Tariffs on Chinese Imports by End of August 2024?
4
Resolution / Starting Odds
Positive (stock price increases) • 33%
Neutral (stock price remains stable) • 34%
Negative (stock price decreases) • 33%
Stock exchange data for key Indonesian textile and ceramic companies
Story
Indonesia to Impose 100-200% Tariffs on Chinese Clothing, Footwear, and Ceramics
Jun 30, 2024, 08:09 PM
Indonesia will impose safeguard duties ranging from 100% to 200% on imports from the People's Republic of China (PRC), including clothing, footwear, and ceramics. This move, announced by the Indonesian trade minister, aims to protect domestic industries from the effects of PRC's excess capacity.
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