Ex-IMF exec Gita Gopinath rates Trump's tariffs as 'negative'; says 'no signs' of improving trade balance yet

Former IMF Chief Economist Gita Gopinath warns US tariffs offer few economic benefits. These measures primarily increase government revenue. American firms and consumers bear the costs. Inflation rises for some household goods. There is no sign of improved trade balance or manufacturing. India, meanwhile, continues its strong economic growth driven by domestic consumption and farm output.