Your browser is: WebKit 537.36. This browser is out of date so some features on this site might break. Try a different browser or update this browser. Learn more.✕

The Big Take

A New ‘China Shock’ Is Destroying Jobs Around the World

From Indonesia to Mexico, job losses could mount as Trump’s tariffs divert even more Chinese exports from the US.

A shuttered garment plant in Central Java, Indonesia. The company, which had around 1,500 workers, stopped operating last year without paying salaries. — A shuttered garment plant in Central Java, Indonesia. The company, which had around 1,500 workers, stopped operating last year without paying salaries.
Photographer: Muhammad Fadli/Bloomberg

By Katia Dmitrieva, Philip Heijmans, and Prima Wirayani

March 19, 2025 at 9:00 PM UTC

This article is part of the April 1, 2025 issue of businessweek.

Near the Indonesian city of Surakarta, a one-time royal capital on the island of Java that’s long been known for producing elaborate fabrics, dozens of once-bustling garment factories sit empty behind locked gates.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE