According to Lianhe Zaobao and Reuters, Indonesian Finance Minister Sri Mulyani Indrawati said on Wednesday that Indonesia would impose import duties on 1,100 different items such as cosmetics, household appliances and some cars. The move is aimed at cutting Indonesia''''s imports and supporting part of the continued weak rupee measures. In order to curb the sharp depreciation of the Indonesian rupiah, Indonesia will increase the import tax rate of more than 1,100 kinds of consumer goods by up to four times.

At the press conference, Mu Yanni said that the import tax on 1147 major consumer goods will increase from the original 2.5%~7.5% tax rate to 7.5%~10%.

Mu Yanni did not say when the new tariff will be implemented, but Indonesian government data shows that the first eight months of this year, the value of goods is 5 billion US dollars (about 34.313 billion yuan), and the value of 2017 is 6.6 billion US dollars.

Indonesian President Zoco said that the decline in the Indonesian rupiah to a new low in 20 years is due to external factors. It is imperative to increase investment and exports to reduce the current account deficit. Zoco pointed out that the global economic instability is mainly due to the trade friction between the United States and China. The Indonesian government will work with various agencies to deal with the decline of the Indonesian rupiah. He said that the relevant ministers will be asked to explore increasing domestic investment in government plans to reduce raw material imports.