India, Oct. 9 -- Harvard Economics Professor and former IMF Chief Economist Gita Gopinath has assessed the impact of the tariffs imposed by the Donald Trump administration, concluding that their overall effect has been negative.
In a post on X, Gopinath wrote: "It is six months since 'Liberation Day' tariffs. What have U.S. tariffs accomplished?"
The tariffs also contributed to higher inflation, particularly for items such as household appliances, furniture, and coffee, she added.
However, Gopinath said there was no evidence that the measures had improved U.S. manufacturing or significantly altered the trade balance, concluding that the "overall scorecard is negative."
Impact on India
The Trump administration, which was earlier seen ...
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