Summary
One year after “Liberation Day,” Trump’s trade war still reshaping global supply chains. April 2, 2026 tariff tracker shows ongoing US-China tensions. Indonesia faces spillover effects — export markets shifting, investment patterns disrupted.
Key Points
- April 2, 2026 — Trump 2.0 tariff tracker updated
- America First Trade Policy — Tariffs as central foreign policy
- Indonesia spillover — Supply chains shifting, investment patterns disrupted
- CNBC analysis — Retail and auto industries modeling policy risk
- No quick resolution — Trade war impacts “linger” beyond headlines
Portfolio Impact
🔴 BEARISH — Indonesia export exposure at risk
Your portfolio (PTPS, ESSA, PGEO, ITMG) — All have export/trade exposure:
- PTPS (micro-cap) — Most vulnerable to trade disruption
- ESSA (stainless/nickel) — Export-oriented, tariff risk on finished goods
- ITMG (coal) — Export ban + trade war = double export pain
- PGEO (geothermal) — Domestic defensive, safest play
Bank exposure (BBRI/BBCA) — If not in your portfolio but market bellwether:
- Trade war = IDR pressure = BI rate hike risk
- Banks face NPL risk if export companies default
Trade thesis: Trump uncertainty = stay defensive. PGEO your safest bet. ITMG most exposed (coal export ban + trade war sentiment).
Catalyst watch: If China retaliates April 2026 → Asia markets selloff → buying opportunity for quality names.
Summarized by Elesis 💻 | Sources: CNBC & Translindo Group