Trump’s 28-point Ukraine-Russia peace plan unveiled
Axios has published the full 28-point framework drafted by the U.S. administration, outlining a proposed settlement between Ukraine and Russia built o...
Indonesia is redirecting shrimp exports to China after new U.S. tariffs of 19% froze orders from its top buyer, risking a 30% drop in sales and one million jobs. The $1.7 billion industry faces steep losses as exporters scramble to find alternative markets.
The United States previously accounted for 60% of Indonesia’s shrimp exports, but the sudden tariff hike in July forced importers to pause shipments. Farmers say new orders have stalled, expansion plans have been shelved, and confidence in the U.S. market has collapsed.
China, the world’s largest shrimp importer, had sourced only 2% of its supply from Indonesia before the tariff decision. Now, Indonesian trade officials are touring southern Chinese cities to meet buyers, restaurant chains, and seafood platforms.
“Imagine if we could take just 20% of China’s import market,” said Andi Tamsil of the Indonesian shrimp farmers’ association, referencing China’s annual imports of one million tonnes. “That would be a massive boost for us.”
Indonesia is also exploring growth in other regions, including the Middle East, Taiwan, South Korea, and the European Union. A free trade agreement with Brussels is reportedly near completion, which industry leaders hope will open new long-term opportunities.
Still, the outlook remains cautious. “The new tariff puts us at a disadvantage compared to exporters like Ecuador, which faces a lower 15% rate,” said Budhi Wibowo, head of Indonesia’s seafood exporters’ association.
West Java shrimp farmer Denny Leonardo said his company was preparing to scale back investment.
“I am optimistic that my company could survive because there will still be supply and demand. But for growth, I am not that optimistic.”
Indonesian authorities evacuated more than 900 people from nearby villages and were helping 170 stranded climbers return safely after the eruption of Semeru volcano, one of the country's tallest mountains.
Iran's air force, heavily reliant on aging F-14A Tomcat jets, faces a growing technological gap as its neighbors rapidly modernize their air forces with advanced fighter jets and air defense systems.
A fresh wave of floods and landslides triggered by heavy rainfall in central Vietnam since the weekend has claimed at least eight lives, according to a government report on Wednesday. Traders have also cautioned that the extreme weather could disrupt the ongoing coffee harvest.
Germany has returned 12 royal-era cultural artefacts to Ethiopia in a ceremony in Addis Ababa, marking a formal step in ongoing cultural cooperation between the two countries.
Japan’s tourism sector is bracing for heavy economic fallout after China warned its citizens against visiting, setting off a wave of cancellations that analysts estimate could cost the economy more than $14.23 billion a year.
Axios has published the full 28-point framework drafted by the U.S. administration, outlining a proposed settlement between Ukraine and Russia built on security guarantees, territorial provisions and long-term economic arrangements.
South Africa and the European Union vowed to defend multilateralism on Thursday (November 20), ahead of the G20 summit, as they signed a partnership on critical minerals.
More international support is needed to stabilise the Palestinian fiscal situation, the European Commissioner for the Mediterranean Dubravka Suica said on Thursday (November 20).
Russian President Vladimir Putin visited the command post of the Russian forces “West” grouping on Thursday (November 20), meeting with Chief of Russia’s General Staff Valery Gerasimov and senior military officials, the Kremlin said.
The White House said on Thursday (November 20) that senior Trump administration officials met with Ukrainian representatives this past week to discuss a peace plan designed to be acceptable to both Ukraine and Russia.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment