JAKARTA - Senior economist and former Governor of Bank Indonesia Sudrajat Djiwandono made sharp criticisms of the economic policy of the President of the United States (US) Donald Trump.
This was conveyed in a talk show entitled "Trump Effect: How Indonesia Opportunities in the Middle of the Trade War", Wednesday, May 14.
Sudrajat called Trump's leadership style unique but dangerous and Trump's unilateral approach was considered not only detrimental to the United States, but also to disrupt the global economic order.
Trump often makes important decisions during half sleep. Even his economic adviser, Peter Navarro, who has a doctorate from Harvard, was unable to keep up with absurd decisions such as increasing import rates by 140 percent," he said in his statement.
According to Sudrajat, the world is currently in a complex interdependence system because in the world supply chain, one broken small knot can paralyze the entire system.
In addition, he said there were several domino effects of the US high-rate policy on trading partners such as Canada, Mexico, and the European Union, as well as Trump's protectionist policy as a counterproductive measure.
The promise to reduce inflation and create jobs has never materialized. Even Trump's popularity among black voters is only 14 percent, Sudrajat added.
He emphasized the importance of Indonesia to maintain a balance of relations with the world's great powers.
"We must not get too close to America or China. It must be like Singapore is friends with all parties, not looking for it because of it," he said.
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Sudrajat also praised Indonesia's economic diplomacy measures which he considered to be increasingly active and strategic, such as the visit of the delegation to Washington DC led by the Coordinating Minister for the Economy Airlangga Hartarto, as well as Indonesia's economic approach to BRICS.
"The fact that we can now buy oil from Russia with rupiah is an extraordinary effort to save foreign exchange reserves," he said.
In addition, Sudrajat reminded Indonesia to remain adaptive in the midst of global dynamics.
"Don't be late. We have to be flexible, ready to adjust if necessary. If you don't need to, just stay silent," he concluded.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
