Indonesia Says US Agrees Tariff Exemption for Its Palm Oil, Cocoa, Rubber

TRADE WAR - JAKARTA. The United States has agreed in principle to exempt Indonesian exports of cocoa, palm oil and rubber from President Donald Trump's tariff of 19% imposed since August 7, the Southeast Asian nation's chief tariff negotiator said on Tuesday.

The exemption will take effect once both sides reach a final pact, but no timeline was set as the U.S. was busy in tariff talks with other countries, Airlangga Hartarto, who is also the chief economic minister, told Reuters in an interview.

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