Indonesian Political, Business & Finance News

Video: One Year of Trump's Trade War: Promises vs Facts

| Source: CNBC Translated from Indonesian | Trade
Video: One Year of Trump's Trade War: Promises vs Facts
Image: CNBC

Do you remember the tariff war announced by Trump one year ago? Precisely on 2 April 2025, when Indonesia was entering the Lebaran holiday period? In Indonesia, the panic effect was somewhat delayed due to the holiday period, but in other countries, there was immediate panic and significant stock declines. Currently, that policy has been in place for one year. The White House has declared total victory with extraordinary claims, such as a significant plunge in the trade deficit, a revival in manufacturing, and skyrocketing worker wages. The White House states that protectionism has made America rich again. But are these claims as beautiful as the reality on the ground?

View JSON | Print