Gita Gopinath currently serves as an economics professor at Harvard University in the US. (Image: X profile) Show Quick Read Summary is AI Generated. Newsroom Reviewed

There is no sign yet of the 'Liberation day' Trump tariffs augmenting US manufacturing and paring its large trade deficit with the world, according to former International Monetary Fund Chief Economist Gita Gopinath.

In a post on X, Gopinath criticized US tariffs, noting that based on four key metrics, the "overall score card is negative" for the world's largest economy. A universal 10% tariff on foreign goods took effect on April 5.

She acknowledged that the US government has raised revenue from import tariffs substantially. However, as expected, the taxation is almost entirely borne by American firms who have passe

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