(Bloomberg) —
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Indonesia claimed victory after Apple Inc. offered to increase its investment in the country to $1 billion to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. The win may be short-lived.
Using a protectionist playbook to get companies to build factories could end up sidelining Southeast Asia’s largest economy when neighbors are rolling out the red carpet for investors who are relocating from China ahead of Donald Trump’s potential tariffs, analysts said.
“Now is not the best time to play hardball,” said Krisna Gupta, senior fellow at the Center for Indonesian Policy Studies. “It can be a dangerous game to play.”
Indonesia brandished what are known as domestic content requirements to push Apple to raise its investment bid from $10 million to $1 billion in the space of a month, if it wants…
