May 20, 2025
JAKARTA – A surprise trade deal between the United States and China on May 12 means a lot for emerging economies like Indonesia.
Having the US postpone overall tariffs it imposed on countries for 90 days since early April would mean little to global trade unless the US and China, the world’s two largest economies, stop hurting each other with tariffs.
Any trade escalation between the two would cause significant spillover to many, given that many countries are involved as part of the supply chain for both nations’ industries, Indonesia included.Any turbulence would send shockwaves through our factories, our ports and ultimately, our workforce.
Moreover, if the US,…