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Jakarta Post

Indonesia-US trade: Time to push on an open door?

  • Andrew Samet and David Gossack

    Washington, DC

Washington, DC   /   Fri, April 9 2021   /  01:00 am
In April, Indonesia suffered a trade deficit of about US$1.6 billion against a forecast surplus of $700 million.(Shutterstock/File)

The consensus among Washington trade experts is that 2021 will be a year of relative calm on trade issues compared to the unpredictability and disruption that characterized president Trump’s decisions.  Indeed, the Biden administration has been focused on domestic priorities, including completing the vaccination program to check the COVID-19 pandemic, restoring employment and growth in the American economy, and passing infrastructure and industrial policy legislation, with a focus on supply chain security for key technologies and manufacturing capacity. Meanwhile, now that the new US Trade Representative Katherine Tai is in place, the process of assembling a Biden trade agenda will move forward, as will the review of the trade policies left behind by president Trump. Once work on domestic legislative priorities is completed later this year, we can expect the administrati...