Market Reaction to Prabowo’s Policy

THERE is a striking similarity between President Donald Trump and President Prabowo Subianto. Both leaders have stubbornly defied market signals, persisting with unrealistic economic policies despite clear and forceful warnings from investors.

In the United States, The Wall Street Journal went so far as to label Trump’s policies “the dumbest trade war in history.” By imposing tariffs on imports from Canada, China, Mexico,

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