Jakarta, July 8 -- Indonesia's Ministry of Energy and Mineral Resources is standing by its offer to increase energy imports from the United States in an effort to negotiate a reduction in Washington's reciprocal tariff rate.
The move comes after US President Donald Trump reaffirmed a 32 percent import tariff on Indonesian goods, maintaining the rate first announced in April.
"Coordinating Minister for Economic Affairs Airlangga Hartarto is still pursuing negotiations. We've offered to help balance trade by around US$15 billion through energy sector imports," said Deputy Minister of Energy and Mineral Resources Yuliot Tanjung on Tuesday.
Tanjung said Indonesia has proposed importing crude oil and liquefied petroleum gas (LPG) from the U...
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