Soaring oil prices and a surging dollar are testing Asia’s foreign-exchange reserves, which were built up after the 1997 crisis.
Category: Indonesia
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As U.S. Brands Stumble, China Wins Over Young Indonesians
A new generation of Indonesian consumers view Chinese brands as high-tech and of good quality, a departure from the days when “made in China” was associated with cheap goods.
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Trump and Indonesia Sign Trade Deal, Locking in 19% Tariffs
The countries made official an agreement reached last year, with Indonesia avoiding a higher tariff and committing to cooperate on export controls.
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Trump’s Tariffs on Brazil and Vietnam Are Making Coffee More Expensive
Coffee prices are up nearly 21 percent over the past year, partly because of President Trump’s punishing tariffs on Brazil and Vietnam.
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Global Markets Rally on Japan Deal Euphoria
But more big tests loom with trade talks still continuing between the Trump administration and counterparts in China and the European Union.
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Trump Administration Keeps 19 Percent Tariff on Indonesia in Trade Deal
The administration provided some insight into the terms that were agreed upon between Indonesia and the United States, hinting at how other vague and hastily negotiated deals may turn out.
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Before Trump, Indonesia Had Another Trade Headache: China
Long before President Trump wielded tariffs as a weapon to punish Indonesia, the country was fighting back a flood of cheap Chinese goods.
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Trump Announces ‘Great Deal’ on Trade With Indonesia
Details are still scarce on the agreement, which the president said will partly walk back some of the steep tariffs he threatened on the country last week.
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Trump’s New Trade Threats Set Off Global Scramble to Avoid Tariffs
Many countries thought they were negotiating in good faith. The White House renewed its “reciprocal” tariff plan anyway, giving countries until Aug. 1 to make offers.