
Indonesia Signals Later Start to Higher Biodiesel Blending Plan
Preparations remain on track to increase fuel blending from 40% to 50% after January, said Director General for New and Renewable Energy, Eniya Listiani Dewi. She added that safety tests that take six to eight months to carry out, had not yet been scheduled.
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CNN
10 minutes ago
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US and China reportedly agree to critical extension, preventing tariff surge on the world's two largest economies
Tariffs Asia ChinaFacebookTweetLink Follow The United States and China agreed to pause tariff hikes on each other's goods for an additional 90 days, according to multiple reports citing White House officials. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on trade between the world's two largest economies. The news, first reported by CNBC, comes hours ahead of a 12:01 am ET deadline when tariffs on Chinese goods were set to rise to 64% from 30%. It's unclear what rates China would have charged on American goods, which are currently subject to minimum 10% tariffs. It also comes after Trump imposed a slew of 'reciprocal' tariffs on trading partners around the world, which have raised the United States' effective tariff rate to levels not seen since the Great Depression. Higher tariffs on Chinese goods, America's second-largest source of imports, would have almost certainly raised the costs many American businesses and consumers could pay — or already are paying — because of increased import taxes Trump enacted. This is a developing story. It will be updated.


CNN
12 minutes ago
- CNN
US and China reportedly agree to critical extension, preventing tariff surge on the world's two largest economies
Tariffs Asia ChinaFacebookTweetLink Follow The United States and China agreed to pause tariff hikes on each other's goods for an additional 90 days, according to multiple reports citing White House officials. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on trade between the world's two largest economies. The news, first reported by CNBC, comes hours ahead of a 12:01 am ET deadline when tariffs on Chinese goods were set to rise to 64% from 30%. It's unclear what rates China would have charged on American goods, which are currently subject to minimum 10% tariffs. It also comes after Trump imposed a slew of 'reciprocal' tariffs on trading partners around the world, which have raised the United States' effective tariff rate to levels not seen since the Great Depression. CNN reached out to White House officials for comment. Higher tariffs on Chinese goods, America's second-largest source of imports, would have almost certainly raised the costs many American businesses and consumers could pay — or already are paying — because of increased import taxes Trump enacted. This is a developing story. It will be updated.


CNN
29 minutes ago
- CNN
US and China reportedly agree to critical extension, preventing tariff surge on the world's two largest economies
The United States and China agreed to pause tariff hikes on each other's goods for an additional 90 days, according to multiple reports citing White House officials. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on trade between the world's two largest economies. The news, first reported by CNBC, comes hours ahead of a 12:01 am ET deadline when tariffs on Chinese goods were set to rise to 64% from 30%. It's unclear what rates China would have charged on American goods, which are currently subject to minimum 10% tariffs. It also comes after Trump imposed a slew of 'reciprocal' tariffs on trading partners around the world, which have raised the United States' effective tariff rate to levels not seen since the Great Depression. CNN reached out to White House officials for comment. Higher tariffs on Chinese goods, America's second-largest source of imports, would have almost certainly raised the costs many American businesses and consumers could pay — or already are paying — because of increased import taxes Trump enacted. This is a developing story. It will be updated.