Abstract
The trade war between the United States (US) and China is occurred at the time the two countries has mutually apply the additional effective tariffs since the beginning of September 2019 on comodity they trade. This trade war could have positive and negative impacts to Indonesia. The positive is Indonesia has potentialy become an industrial countries destination that departs from China to find a new locations. The negative is the demand of raw materials nor the comodity from Chinese to Indonesia will be decrease. This article is a result of research in East Java and South Sumatra Province in 2019. The analysis in this paper is based on the research results using the qualitative methods. The Data collection techniques conducted through the interviews on field with random selected respondents, the field observations and the literature studies. The field research was carried out with the purpose of analyzing the implications of the US-China trade war toward Indonesia. The results of the study shown that Indonesia is transforming its finances in order to remain competitive in global economic uncertainty due to the trade war. In order to meet this need, several steps taken by Indonesia including the regulations harmonization, strengthen the national economy on an inclusive basis and Indonesia’s economic diplomacy.
Highlights
Entering year 2017 the world sees the dramatic changes on the international politics constellation which will be affecting the global trade patterns
How does China protect its domestic market? China has formally opened its domestic market for the imported products, but that was done after its manufacturing products has taken control of the domestic market
Indonesia must be able to harmonizing the regulations related to the economy trade sector as an effort to increase the exports
Summary
Entering year 2017 the world sees the dramatic changes on the international politics constellation which will be affecting the global trade patterns. Donald Trump very diligently issuing statement with the protectionist tendency, in threatening China, Mexico and Germany with the import tax. Entering year 2019, the tensions between the countries, the political and economy tension in the country as well as the economy power showdown among the countries are continues to undermine the world in solving the humanitarian issues. The development of the digital economy is feared will have impact to the employments, the employment disruption, which will be slowing down the world in resolving the poverty issues. On the other side the poverty that arise as a consequence of the immigration caused by the political pressure which has not been successfully resolved in many countries. The challenges of the climate changes are still continued along with the massive industrial chemical waste threat to human’s life
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