Airlangga Reveals US Shutdown Will Not Disturb Indonesia's Trade Negotiations And Financial Markets
Coordinating Minister for Economic Affairs Airlangga Hartarto said that the impact of the shutdown of the United States (US) government is very limited to conditions in Indonesia, especially in the context of trade negotiations and financial markets.
According to him, although the shutdown could temporarily suspend the trade negotiations process with the US, this would not affect the finalization of the cooperation being explored.
"Yes, the impact is clear related to the trade negotiations with the shutdown, so stop it first. I don't think so, there's not much influence. Our relationship has been completed," said Airlangga to the media crew, Friday, October 3.
He also emphasized that the condition of fiscal or domestic politics in the United States, such as shutdown, will not have a direct impact on the stability of Indonesia's financial markets.
"No, it's the American government, it's different," he added.
Earlier, the closure of the United States (US) government entered its first day on Wednesday, October 1 local time, marked by a warning from White House Budget Head Russell Vought to Republicans in the House of Representatives.
He said the layoffs of federal employees would begin in the next one to two days, according to two GOP sources who took part in the online conference.
At the close of the previous administration, federal employees were usually temporarily laid off (furlough) instead of being dismissed. However, this time's layoff plan sparked legal questions from trade unions and the Democratic Party regarding the legality of the policy.
Last week, Vought had circulated a memo warning of a potential massive reduction in federal labor in the event of a government shutdown.
Although he did not specify the number of employees who would be affected, he said the move had to be taken because the Democratic Party was considered to force the government to act.
SEE ALSO:
Shortly after, Vice President JD Vance said at a press conference at the White House that layoffs would soon be carried out if the closure lasted longer.
He emphasized that this step was not desirable, but it was necessary to keep important services for the community running.
Vance also denied accusations that the Trump administration was targeting federal employees for political reasons. According to him, the government is focused on keeping as many essential services as possible functional.
In the same memo, Vought stressed that government agencies must issue a notification of reduced labor to all employees in programs, projects, or activities whose funding has expired since Wednesday due to shutdowns, especially those deemed inconsistent with the President's priorities.