Harvard University professor and former IMF Chief Economist Gita Gopinath has given a “negative score" to US President Donald Trump’s tariff policy, saying that six months after their introduction, there is little evidence they have delivered any of the promised benefits. Gopinath said the tariffs, touted by Trump as a key step toward restoring American manufacturing strength, have largely acted as a tax on US firms and consumers.

“It is 6 months since ‘Liberation Day’ tariffs. What have US tariffs accomplished? 1. Raise revenue for government? Yes. Quite substantially. Borne almost entirely by US firms and passed on some to US consumers. So it has worked like a tax on US firms/consumers. 2. Raise inflation? Yes, by small amounts overall. More substantially for household appliances, furni

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