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Jakarta Post

Latest trade spat could hurt Indonesia

  • Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Wed, June 20 2018   /  02:52 am

As trade tensions escalate following the United States’ fresh tariffs against Chinese goods, the Indonesian government should maintain domestic stability and explore new export destinations to avoid a trade deficit, analysts and businesspeople have said.In his latest move, US President Donald Trump ordered the US Trade Representatives (USTR) on Monday local time to identify Chinese goods worth US$200 billion that would be imposed an additional 10 percent tariff. China’s Ministry of Commerce has vowed to retaliate, promising “comprehensive and qualitative measures” to counter the US’ move, Bloomberg reported. Indonesian Employers Association (Apindo) public policy chairman Sutrisno Iwantono said Indonesia may take the hit amid the spat between the world’s two largest economies. “Protectionism in the US and China could put pressure on global commodity prices, including commo...