John Emont
speaker
99 appearances
4 recordings
2 series
first heard May 2025
last heard 18 Aug
John Emont’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.
Appearances
WSJ What’s News · Chips, Juice and Airplanes - Exemptions Confuse as Tariffs Kick In · 7 Aug 2025
podcast
even like canned pineapple.
And so the concern is that 19% tariffs mean that demand is going to go down, meaning the United States will buy fewer products, meaning there won't be the need for the same amount of workers.
The US is the number two trading partner after China, but crucially, the United States actually buys a lot of the labor-intensive products.
So that's why the United States is so important for a country like Indonesia.
China doesn't really need Indonesian shoes.
They do buy some, but they make a ton of their own shoes, right?
It's America, which doesn't really manufacture athletic footwear or really sew its own clothes.
So the United States just buys a lot of that really labor-intensive stuff, whereas China tends to buy more commodities.
that tend to be less labor intensive.
So in terms of the impact on just ordinary Indonesian workers, the United States is very important.
One option would be, for example, to react by trying to limit Chinese exports to Indonesia.
So one way of protecting your own factories that might have fewer options abroad is to give them more opportunities to sell domestically, which means limiting the flow of Chinese imports.
And that's something that has been discussed.
repeatedly without much action.
So one thing that the Indonesians have discussed is sort of accepting this 19% baseline tariff, but maybe getting carve outs for certain products that are very labor intensive, things like palm oil, other commodities that employ a lot of farmers.
And the Indonesians' point is, why does the United States want to put a tariff of 19% on Indonesian palm oil?
It's not like you can grow palm oil in basically almost anywhere in America.
So the Indonesians are still negotiating with the United States.
And I think they're hoping that if they play nice and try to be understanding, that they can maybe win some important concessions.
I think that Trump is very focused on trade deficits.
Showing 61–80 of 99 · page 4 of 5
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