U.S. President Donald Trump has imposed a 25% tariff on goods from Canada and Mexico, while tariffs on Chinese imports have been raised to 20%. However, the impact on China is expected to be less severe than the 2018 trade war, as China has gradually diversified its trade partners. According to Investment Specialist at PT Manulife Aset Manajemen Indonesia (MAMI), Dimas Ardhinugraha, the U.S. contribution to China's total exports fell from 20% in 2016 to just 13% in 2023. Meanwhile, China's exports to developing countries rose from 31% to 41%. Additionally, China has shifted toward more supportive policies for its domestic private sector, aiming to boost its economy and mitigate external tariff impacts.  

For Indonesia, while it is not directly affected by U.S. tariffs, there are concerns about indirect repercussions, particularly in steel exports. The U.S. has imposed a 25% tariff on steel, which could lead to reciprocal tariffs. However, Indonesia’s steel exports to the U.S. in 2023 were only $199 million, making up just 0.07% of Indonesia’s total exports. As a result, the direct impact is minimal. The average tariff rate between Indonesia and the U.S. is currently around 4%, and it remains unclear whether reciprocal tariffs will follow this baseline or be product-specific. The bigger concern is the potential decline in global trade and export demand, as well as rising import costs.

Source:
https://infobanknews.com/trump-kerek-tarik-impor-ini-potensi-dampaknya-ke-indonesia/