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Jakarta Post

Indonesia’s opportunities amid US-China trade war

  • Esther Sri Astuti and Dendy Indramawan

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PREMIUM
Jakarta   /   Fri, October 18, 2019   /  11:35 am
Indonesia’s opportunities amid US-China trade war The trade war between the world’s two biggest economies is almost entering its second year, but there seems to be no resolution. The Group of 20 Summit in June in Japan could not reduce the tensions of the trade war. (AFP/Alain Jocard/Christof Stache)

One of United States President Donald Trump’s policy pillars is implementing policy that promotes free, fair and reciprocal trade relations. It was one of Trump’s commitments during the presidential election campaign in 2016 to restrict imports by increasing tariffs to reduce worsening trade deficits, particularly with China. The trade war between the world’s two biggest economies is almost entering its second year, but there seems to be no resolution. The Group of 20 Summit in June in Japan could not reduce the tensions of the trade war. In fact, the US-China trade war is into a hotter round as the US has in place an additional tariff of 15 percent on about 3,200 imported Chinese goods worth US$110 billion as of September. The US government is also ready to take steps to increase tariffs on 555 other Chinese goods, including smartphones, in December. China imm...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.