Indonesia Renews Textile Tariffs as Chinese Goods Flood in

(Bloomberg) — Indonesia reimposed additional tariffs on imports of fabrics to protect its local industry from a flood of cheaper goods coming mostly from China.

The ‘safeguard duties’ take effect on Aug. 9 and are valid for three years, according to a Finance Ministry ruling issued on Tuesday. They apply to five types of fabrics imported from 124 countries, it said. Imports from the Chinese mainland, Hong Kong and South Korea are charged on their entire range of fabrics.