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Indonesia Seals Tiffany Stores on Suspicion of Illegal Imports

Bloomberg Markets
Friday, February 13, 2026 at 8:24 AM
~4 min read

Original Report

Indonesia has sealed three Tiffany & Co. stores in Jakarta on suspicion of import violations, part of a broader crackdown on undeclared high-value goods under the administration of President Prabowo...

Indonesia has sealed three Tiffany & Co. stores in Jakarta on suspicion of import violations, part of a broader crackdown on undeclared high-value goods under the administration of President Prabowo Subianto.

Glass House Analysis

International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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