Indonesia Says US Tariff ‘Huge Win’ for Labor-Heavy Sectors (1)

Indonesia sees securing a 19% tariff rate with the US as a “huge win” for some of the Southeast Asian nation’s most labor-intensive sectors such as garments and footwear, a government adviser said Wednesday.

“It opens up opportunity for Indonesia to get additional market into the US,” Heriyanto Irawan, a member of Indonesia’s National Economic Council (DEN), said in an interview on Bloomberg TV.

He described the tariff rate announced by Trump late Tuesday, down from a planned 32%, as “probably the lowest” among countries that have trade surpluses with the US, giving Indonesia a ...