Indonesia is ready to retaliate if the administration of the US President Donald Trump conducts a trade war against the country, Indonesian Vice President Jusuf Kalla stated on Thursday ( 8 March ).
"If he hinders the entry of our crude palm oil into the US, we will certainly also reduce our soybean and wheat flour imports from that country. It will be like that. We import soybean, corn, Boeing aircraft, and wheat. How many aircraft have we even bought from there?" he noted at the Institute of Police Science in Jakarta.
He remarked that foreign countries will challenge the trade war policy implemented by President Trump.
President Trump had triggered a trade war with foreign countries by imposing a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports on grounds of protecting domestic products of the United States.
Meanwhile, Finance Minister Sri Mulyani has warned of the potential of a trade war if the US government really imposes tariffs on the imports of steel and aluminum.
"World history has demonstrated that the impact of a trade war on the global economy would be devastating," she pointed out.
Mulyani noted that the world is awaiting certainty on the plan that has the potential to trigger retaliation from countries sharing trade relations with the United States through tariffs. (antara)