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View all search resultsIndonesia must tread carefully with a political economy approach to trade diplomacy following US tariffs, maintaining mutually beneficial partnerships and avoiding impacted countries from turning into adversarial competitors.
Nike is one of several sportswear brands heavily reliant on Vietnam as a production site and higher tariffs would force the company to absorb higher costs or hike its prices at a time when it is already discounting some items to clear inventory.
PT Sri Rejeki Isman (Sritex), one of Southeast Asia’s largest integrated textile manufacturers, officially ceased operations on Mar. 1, 2025, following its bankruptcy declaration. The shutdown led to the layoff of 10,965 workers between January and February 2025. In response, President Prabowo has instructed several ministers to devise solutions to help re-employ the affected workers, including leasing factory machinery, attracting investors to acquire the company and facilitating their absorption into other companies.
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