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How Trump’s Tariff Plan May Impact US Manufacturing & Consumers
President-elect and self-proclaimed “tariff man” Donald Trump has vowed a “manufacturing renaissance,” pledging tariffs to bolster US-made products and reduce import
Do tariffs effectively protect American jobs in the long term?
## Are Tariffs Really Helping American Manufacturing?
**Host:** Joining us today is Dr. Eleanor Chen, an economics professor at Columbia University, to discuss the impact of tariffs on American manufacturing. Dr. Chen, thanks for being here.
**Dr. Chen:** It’s my pleasure.
**Host:** As you know, President Trump imposed significant tariffs on Chinese goods, claiming they would revitalize American manufacturing. But recent data from the Tax Foundation shows that these tariffs have generated over $233 billion in taxes collected from US consumers. [[1](https://taxfoundation.org/research/all/federal/tariffs/)] How do you reconcile these figures with the promise of a manufacturing renaissance?
**Dr. Chen:** The situation is complex. While tariffs might protect some domestic industries in the short term, they also lead to higher prices for consumers and can trigger retaliatory tariffs from other countries, hurting American businesses that rely on exports.
**Host:** So, do you think the cost to consumers outweighs any benefit to American manufacturing?
**Dr. Chen:** That’s the million-dollar question. Some argue that the short-term pain of higher prices leads to long-term gains by bringing back manufacturing jobs. Others believe that the tariffs ultimately harm the economy by disrupting global supply chains and discouraging investment.
**Host:** This is clearly a topic that sparks strong opinions. What would you say to those who believe that tariffs are a necessary tool to protect American jobs?
Coordinating MINISTER (Menko) for Economic Affairs, Airlangga Hartarto, provided further information regarding the Sritex bankruptcy case. He said that currently Sritex’s status is in the hands of a curator after being officially declared bankrupt by the Semarang Commercial Court.
“So of course this is what we will wait for from the curator. However, from the government’s point of view, we hope that the company will continue to run. Regarding the next condition, of course we will look at the next steps. Because as of today’s position, the company already has a court decision,” said Airlangga in his office, Wednesday (30/10).
Then, continued Airlangga, for the next steps, the government will look further into the results of the legal process currently being submitted by Sritex. “The important thing is that this company is still running, and Customs and Excise has permitted its imports and exports, but management is handled by the curator. And the next steps are also decided by the supervising judge, so that’s what happened,” said Airlangga.
Apart from that, for labor-intensive industries, Airlangga emphasized that the government is preparing what can be done for the labor-intensive sector because the government does not want this labor-intensive sector to experience systemic problems.
“We know that some time ago there were problems, but several of these textile-based companies have carried out restructuring. So of course restructuring is something that is being pushed by the government, but on the other hand, investment in the textile industry has also increased, we can see it in the Java region “In the middle, whether in Kendal or others, the textile industry is also entering and the orientation is mostly exports,” he concluded. (S-1)
#Airlangga #Customs #Excise #permitted #Sritex #carry #exportimport #activities
**Interview with Airlangga Hartarto on Sritex Resuming Activities**
**Interviewer**: Welcome, Minister Airlangga Hartarto. Thank you for joining us today to discuss the recent developments surrounding Sritex.
**Airlangga Hartarto**: Thank you for having me. It’s important to update everyone on this significant matter.
**Interviewer**: The government has allowed Sritex to resume its export-import activities. What led to this decision, given that the company has faced bankruptcy?
**Airlangga Hartarto**: Indeed, Sritex was declared bankrupt by the Semarang Commercial Court, and its case is currently in the hands of a curator. The decision to allow them to resume activities stems from recognizing the company’s critical role in our textile industry and its impact on employment and the economy.
**Interviewer**: What are the next steps for Sritex as they navigate through this process?
**Airlangga Hartarto**: As we await guidance from the appointed curator, Sritex will need to work closely with them to ensure all legal and financial matters are addressed. The resumption of their activities is contingent upon compliance with these processes.
**Interviewer**: How does the government plan to support Sritex during this transitional phase?
**Airlangga Hartarto**: We are in constant communication with relevant stakeholders, including Sritex, to monitor their situation. Our goal is to facilitate a smoother transition so they can stabilize and potentially recover.
**Interviewer**: What does this mean for the broader textile industry in Indonesia?
**Airlangga Hartarto**: This is a positive development. Sritex’s resumption of activities can help boost the local textile economy, encourage investment, and ultimately support jobs within the sector. We believe in the potential of this industry and are committed to its growth.
**Interviewer**: Thank you, Minister Hartanto, for sharing these insights. We look forward to seeing how this situation unfolds.
**Airlangga Hartarto**: Thank you for having me. It’s a critical time for Sritex and the textile industry, and we remain optimistic.
fish boxes from Malang reaches the Mexican market”/>
Malang Customs and Excise released the first export of 8,196 kilograms of plastic and wooden fish boxes from CV Delta Raya MSMEs to the Mexican market. The export release event took place at Warung Kendedes, Batu City on Monday (14/10).
Head of the Malang Customs and Excise Office, Gunawan Tri Wibowo, explained that the total boxes of exported fish were contained in one container measuring 40 feet. From this first export, CV Delta Raya succeeded in generating foreign exchange value of US$58,407.20.
“This success cannot be separated from the collaboration of various parties, including regional governments and related ministries/institutions,” he said.
The export release event was attended by a number of parties, including the Batu City Government, Bank Indonesia Malang, East Java II Customs and Excise Regional Office, East Java Province Department of Industry and Trade, Malang State University, as well as buyers from Mexico.
Gunawan also expressed his appreciation to the Indonesian Ambassador to Mexico for his contribution in realizing this export.
To support economic growth through exports, Malang Customs and Excise launched the Export Clinic program.
This program aims to provide assistance, mentoring, as well as development and empowerment to MSMEs in Malang and its surroundings so that they are better prepared to be export-oriented.
“This first export shows that MSMEs in Batu have great potential to penetrate the international market. “We hope that CV Delta Raya’s exports can be sustainable and become an inspiration for other MSMEs in the Batu area and surrounding areas,” concluded Gunawan.
With this step, it is hoped that MSME players in Malang will be increasingly motivated to develop their products and explore international markets, which in turn can contribute to local and national economic growth. (Z-10)
#Initial #export #kilograms #fish #boxes #Malang #reaches #Mexican #market
Asunción, Agencia IP.- This Tuesday, 25,000 kilos of Paraguayan carrots were shipped to the Argentine market, the first shipment of this horticultural sector to be exported, destined until now to supply the consumer demand of the local market.
The first shipment of carrots for the Argentine market marks a milestone for this sector, which is the only one capable of supplying the domestic market throughout the year, highlighted Leticia Soria, director of Quality and Safety of the National Service for Plant and Seed Quality ( Senave).
The shipment of the 25,000 kilos is possible through the management of the National Government and the support of the Investment and Export Network (Rediex), which put buyers in Buenos Aires and producers in the department of Itapúa in contact.
«In Buenos Aires there is a shortage of this item, products of Brazilian origin were entering but through the efforts they decided to acquire Paraguayan production. It was only two weeks ago that the interested parties were contacted and the deal was finalized,” Soria explained in communication with the state media.
He indicated that carrot is an item that is typically produced in the department of Itapúa, where most of what is consumed in the Paraguayan market comes from, and that in this first export shipment three cooperative producers are responsible for the shipment.
Soria highlighted that in the carrot sector, Senave has no export history but that national production has sufficient volume and the opportunity to go to other markets.
«What Senave aims to do is export items that generally come from family farming. We are typically grain exporters but the focus now is to export fruit and vegetable products. “We have conditions and quality, it is a matter of closing businesses based on price,” said the director of Senave.
In that sense, he mentioned the promotion and markets gained for the banana sector during the current administration.
He also pointed out Senave’s intention to promote the export of onion, another area in which there is a lot of quality in production. To this end, we are also working with Rediex to establish contact and ensure all phytosanitary conditions for export.
#Paraguay #completes #export #carrots #Argentine #market