Apple’s $1 Billion Investment May Be Fleeting Win for Indonesia

(Bloomberg) — 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.