Indonesia to Offer to Buy $10 Billion of Additional U.S. Energy Goods

As Indonesia seeks to negotiate a reduction of a planned tariff of 32% on Indonesian goods sold in the United States, the government of Southeast Asia’s biggest economy will offer to buy an additional $10 billion worth of American oil and liquefied petroleum gas (LPG). Indonesia was slapped with one of the highest tariffs - 32% - in the “liberation day” tariffs announced by U.S. President Donald Trump. These tariffs were suspended last week for 90 days, during which the Trump Administration expects most countries to come pleading…