Indonesia at Risk of 20% Tariff, if Trump Wins

Key Summary:
- Trump promises 20% tariffs on all imports
- It is the second largest market for Indonesia
- Exports include electronics, garment & agriculture
The Indonesian market should have their sight on next week’s US Presidential election on 5th November as a Trump victory could spark another risk-off event of a global trade war.
Trump’s 2024 election campaign rhetoric mainly focus on 3 topics such as anti-immigration, economic trade tariffs and rising inflation that are welcomed by voters.