- The UST and other emerging markets continue to experience selloffs as President-elect Trump starts to assemble his administration and the Fed shifts to a data-driven policy approach, foregoing forward guidance.
- Efforts to reduce the US trade deficit with China may provide limited benefit to Indonesia due to the minimal overlap between Indonesian and Chinese exports to the US.
- Indonesia's reliance on imported food and agricultural products could be leveraged to secure a more favourable bilateral trade agreement with the US, which would be essential for safeguarding Indonesia’s export potential amid the risk of a smaller global import market.
