The tariff will apply to products such as passenger vehicles, trucks and buses, steel and aluminum products, certain fruits and vegetables, aerospace products, as well as beef, pork and dairy products, the release said.

The two-story-high facility operates 24 hours a day to absorb residual gas and convert it into electricity.

Fullerton adds: "As trade barriers, 'tariffs' can also cause domestic industries to become less competitive."

The Indonesian Ministry of Energy and Mineral Resources has set mostly higher coal reference prices, known as the coal benchmark price (HBA), for January 2025.

Solar power overtook coal in Europe's electricity mix for the first time in 2024 while gas declined for the fifth year in a row, energy think tank Ember said in a report on Thursday.

Xi made the remarks while visiting a cold rolling mill of Bensteel Group in Benxi City, northeast China's Liaoning Province.

The MIIT plans to intensify efforts to promote the "two new" policies in 2025, Zhang said.

India's Tata Steel Limited and Indian government-run design, engineering consultancy firm MECON have signed a business collaboration agreement