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Indonesia Eyes U.S. Market Share from China and Others, Offers Trade Concessions to Trump’s Tariffs
Indonesia is moving quickly to convince Washington it’s not the problem — announcing trade concessions, cutting import duties on American goods, and signaling it’s open to buying more. All this was done to defuse tensions with U.S. tariffs about ...
A crude oil tanker berths at the crude oil terminal at the port in Qingdao, in China’s eastern Shandong province on March 19, 2026. (Photo by CN-STR / AFP)
China, the world's top crude importer, has been the main buyer of oil from OPEC producer Iran in recent years, but will face competition and higher prices after the U.S. issued a 30-day sanctions waiver on Iranian oil. Beijing, which has also been ...
Indonesia Eyes U.S. Market Share from China and Others, Offers Trade Concessions to Trump’s Tariffs
Indonesia is moving quickly to convince Washington it’s not the problem — announcing trade concessions, cutting import duties on American goods, and signaling it’s open to buying more. All this was done to defuse tensions with U.S. tariffs about ...