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Indonesian apparel needs help abroad as much as tariffs at home

China 2797 Cons. Discr. - Apparel 424 Cons. Discr. - Retailing 379 Indonesia 84 Tariffs 1728 U.S. 4995

The Indonesian government may apply tariffs to imports of apparel from Bangladesh, China, Singapore and Vietnam to protect its domestic manufacturers. That comes only shortly after signing the RCEP trade deal which should lead to tariff free trade with China, Singapore and Vietnam. Indonesia’s imports of apparel already fell by 41.4% year over year in the three months to Nov. 30, with tariffs likely to increase costs for importers including Fast Retailing. At the same time there’s been a reversal in Indonesia’s exports of apparel to the U.S., its single largest market. U.S. seaborne impo...

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