A new ‘China Shock’ is sweeping the globe, leaving thousands of jobless in its wake. The economic impact is being felt as far away as Indonesia and Mexico, where Chinese exports are diverting even more goods from US markets.
In Indonesia, once-thriving garment factories have been left abandoned due to cheap imports from China. Hariyanto, a 53-year-old former employee who lost his job last year, blames the economic devastation on cheap imports. He is now leading a fight for back pay and severance from his financially struggling company, one of over 1,500 employees furloughed at an apparel maker.
As the US-China trade tensions escalate under President Trump’s tariffs, Chinese exports are being redirected to other countries, exacerbating job losses worldwide. The economic shift is having far-reaching consequences for workers like Hariyanto, who are struggling to make ends meet in a rapidly changing global market.
Source: https://www.bloomberg.com/news/features/2025-03-19/trump-s-tariffs-send-fresh-wave-of-chinese-goods-to-global-markets