The Trade War Between USA and China Will Be Benefit for Indonesia

The re-heating of trade wars between the United States (US) and China will have an impact. One of them is the Indonesian economy that has trade relations with both countries.

Chief Economist Samuel Sekuritas Lana Soelistianingsih predicts, Indonesia could be a country that holds goods of the two countries are fighting each other 'that'.

"We have to be careful if we can become a spill of ex US and China market, that's a threat," Lana said when contacted detikFinance, Jakarta, Monday (18/06/2018).

The list of US goods that will be subject to high import tariffs by China includes soybeans, electric vehicles, hybrid electric vehicles, seafood variety, and pork.

According to Lana, US products that will be subject to high import tariffs by China did not rule out entry into Indonesia. Because, of some goods are still needed by Indonesia.

"This could be an alternative market that had been US to China," he added.

In order not only to be a country to accommodate the products of both countries, Lana said, Indonesia can take advantage of it becomes a more profitable opportunity.

One that can be utilized is to renegotiate the two countries.

"Well that should be anticipated Indonesia, we know we will hit, what can we ask, so we can also negotiation," he closed.

Known, China responded quickly by announcing a 25% tariff and customs policy plan for US products. This will apply July 6 for agricultural products, cars and aquatic products from the US, worth US $ 34 billion or equivalent to Rp 476 trillion (exchange rate Rp 14,000 / US $).

The list includes soybeans, electric vehicles, hybrid electric vehicles, a variety of seafood and pork.

The Ministry of Commerce of China announced overall proposals for US product imports will include 659 items worth US $ 50 billion, including crude oil, diesel, and magnetic resonance imaging kits.

Translated from.