USA: Trump's victory will be a challenge for Indonesian palm oil

Published 2024년 11월 7일

Tridge summary

The outcome of the 2024 US Presidential Election is expected to significantly influence Indonesia's foreign trade policy, especially affecting the export of nickel and palm oil derivative products. If Donald Trump is elected, his protectionist policies and tariff increases could negatively impact Indonesia's key exports such as nickel, palm oil, and textiles. Conversely, if Kamala Harris is elected, her focus on clean energy and multilateral cooperation could benefit Indonesia. Regardless of the election's outcome, the Indonesian Government, led by the Ministry of Trade, is prepared to adapt to any new economic policies.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Executive Director of the Center of Economic and Law Studies (CELIOS), Bhima Yudhistira Adhinegara, revealed that the results of the 2024 United States Presidential Election (USPilpres) will determine Indonesia's foreign trade policy, especially for nickel commodities and palm oil derivative products. ADVERTISEMENT He also predicted that the election of Donald Trump from the Republican Party would make the superpower focus on protectionist policies that could hamper Indonesia's exports. Also Read: Ready to Prove Sustainability, Indonesia Asks the UK to Support Palm Oil The reason is, so far Trump has tended to increase tariffs to protect the domestic industry so that it has an impact on Indonesia's main commodity exports such as nickel, palm oil, and other textile products. "Well, the implications are quite serious, because Trump has encouraged downstreaming, especially downstreaming of critical minerals. Next, geopolitical tensions, yes, the tension will also be one of the ...

Source: Wartaekonomi