JAKARTA. Some businessmen hope that the newly inaugurated President of the US (United States of America) Donald Trump will bring positive impacts to global business, including Indonesia. However, some are pessimistic of his trade and economic policies. Executive Assistant to the President Director of PT Asia Pacific Fibers Tbk Prama Yudha said that the businessmen are cautious of Trumps’ protective policy. Indeed, the protection will deteriorate Indonesia’s exports. On the other hand, Indonesia is potentially to be penetrated by imports from other countries that cannot access the US market. “This is potentially to harm domestic industries,” he said. General Chairman of Indonesia’s Textile Association Ade Sudrajat Usman said that the businessmen are adapting wait and see stance over Trump’s policy in textile industry. On one hand, Trump will prioritize to buy the US domestic products, while limiting imports from China and other countries.
Businessmen worry of Trumps’ protective policies
JAKARTA. Some businessmen hope that the newly inaugurated President of the US (United States of America) Donald Trump will bring positive impacts to global business, including Indonesia. However, some are pessimistic of his trade and economic policies. Executive Assistant to the President Director of PT Asia Pacific Fibers Tbk Prama Yudha said that the businessmen are cautious of Trumps’ protective policy. Indeed, the protection will deteriorate Indonesia’s exports. On the other hand, Indonesia is potentially to be penetrated by imports from other countries that cannot access the US market. “This is potentially to harm domestic industries,” he said. General Chairman of Indonesia’s Textile Association Ade Sudrajat Usman said that the businessmen are adapting wait and see stance over Trump’s policy in textile industry. On one hand, Trump will prioritize to buy the US domestic products, while limiting imports from China and other countries.