Japanese automakers face 15% tariff relief while Indonesia threatens 80% export advantage
Key Points
- Indonesia's EU trade deal will make 80% of its exports tarif...
Indonesia just pulled off what might be the trade deal equivalent of getting the best parking spot at Black Friday - the EU-Indonesia Comprehensive Economic Partnership Agreement hits the signature table on September 23, and 80% of Indonesian exports to Europe are about to become tariff-free within two years. Meanwhile, Japanese automakers are over here celebrating their own wins and wondering if they just got played.
The Sweet Spot Gets Complicated
Japanese car manufacturers finally caught a break when U.S. tariffs dropped from 27.5% to 15% on September 9, thanks to Trump's executive or...
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