Indonesia’s efforts to attract capital from tech companies like Apple through local investment and manufacturing requirements may not yield long-term gains, economists caution. With long-standing local content policies preventing Apple from selling its newest iPhone model in the country, Indonesia plans to increase local content requirements for smartphone investments after rejecting a $100 million proposal from Apple and asking for a $1 billion investment in cell phone component production. While the aim is to protect local industries and create a value-added supply chain, economists argue that the policy is misguided and may not address the deeper reasons why Indonesia struggles to attract tech supply chains.
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Trump pressures 4 GOP senators ahead of anti-Canadian tariff vote, accusing them of 'TDS'
President Trump called out GOP Senators McConnell, Paul, Collins, and Murkowski, urging them to support his Canadian tariff policy by voting against a joint resolution to terminate his national emergency declaration. Trump accused the senators of having "Trump Derangement Syndrome" and being disloyal to the GOP. Despite resistance from the senators, including cosponsor Rand Paul, the resolution aims to penalize Canada for the sale of Fentanyl, a deadly drug, through tariffs. Full Article
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