Why Indonesia needs to negotiate with Trump on tariffs – but brace for the worst
By Admin | Published
On 2 April 2025, United States President Donald Trump announced that his government would impose a universal 10% tariff. This policy will be followed by specific tariff arrangements for commodities from approximately 60 countries perceived to be engaging in unfair trading practices through non-tariff barriers, which, he says, have caused the US balance of trade to be in deficit.
The policy is part of Trump’s “Make America Great Again” initiative, which he used to rally domestic support to win a second term. His administration described the day the policy was announced as “Liberation Day”, to the chagrin of the global community.
Trump’s ‘Liberation Day” is clearly an attack on globalisation. To quote Elizabeth Braw, writing last year, Trump’s first term and Brexit were the most significant political pushbacks against globalisation since the World Trade Organisation protests in 1999. Her assessment remains relevant today under Trump 2.0.
Read full article: https://indonesiaatmelbourne.unimelb.edu.au/why-indonesia-needs-to-negotiate-with-trump-on-tariffs-but-brace-for-the-worst/
Photo: Kompas.com/Dok. Kemlu