EU vs. Indonesia: Is it really a trade war?

19 August 2019

As the United States and China engage in a bitter trade dispute casting a dark shadow over the global economy, another trade spat is threatening to escalate between the European Union and Indonesia.

The EU has imposed countervailing duties of 8% to 18% on biodiesel from Indonesia — the world’s largest producer of palm oil — to counter alleged government subsidies enjoyed by the producers in the country. Jakarta has vowed to retaliate with counter tariffs of 20% to 25 % on EU dairy products.The tariffs are likely to further escalate an ongoing feud over palm oil between the two trading partners. To read the post on the DW site, please click here

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