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US Businesses Hit Out as Trump Tariffs Impact Import-Reliant Sectors

Far from bringing jobs back to the US, while adversely affecting overseas manufacturers, the ongoing US-China trade dispute is driving down exports from domestic manufacturers and challenging the viability of producing certain products.

Indonesia and Australia Ratify IA-CEPA Agreement
On February 10, 2020, Indonesia and Australia ratified the Indonesia-Australia Comprehensive Economic Partnership Agreement. The agreement will see duty-free tariffs imposed on two-way trade and exchange of human resources for skills development. Australian companies will now be able to have majority ownership of businesses in specific sectors in Indonesia.
Trump Visit Concludes, Tentative US-India ‘Phase One’ Trade Deal Proposed
No long-term trade agreement was signed between US and India during President Trump’s India visit. However, during three MoUs and a defense deal was signed between the two countries. Talks for a free trade agreement between US and India are expected to start in the next few months.
Trade Agreement: Mastering Information for integration - FTA was signed: Phase deep tax cuts
Implementation of Trade Agreements (FTA) signed Vietnam, from 2020, the import duty will step into the line stage deep cuts and elimination of tariffs.
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