Indonesia imposes import taxes on foreign goods such as cosmetics
Indonesia has begun to impose import taxes on foreign goods such as ceramics, cosmetics, electronics, footwear and clothing, with additional tax rates ranging from 50% to 100%, depending on the impact of the goods on local industries.
According to an analysis published by the Australian Institute of International Affairs, the move could backfire and affect international relations, especially with China.
The Australian Institute of International Affairs explained that the new tax is intended to protect the struggling domestic textile industry when a large number of low-cost imports are flooding into Indonesia.
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