20 Jan 2025 | News & Feature

TFP W4 2025: Trading under the new president

  • Despite some moderate voices in Trump’s cabinet, implementing an across-the-board import tariff may remain in the US government’s agenda – a threat to Indonesia’s higher value-added exports.
  • Despite its much larger nominal size, the Chinese import market is ersatz compared to the US market, given Indonesia’s highly diversified exports to the US.
  • Securing a trade agreement with the US is crucial for Indonesia’s industrialisation effort, given that higher reliance on the Chinese market may further concentrate the domestic manufacturing sector.