Trump's tariffs have failed US? Govt revenues go up while consumers struggle; here's what former IMF deputy MD says

Oct 8, 2025 - 19:00
Trump's tariffs have failed US? Govt revenues go up while consumers struggle; here's what former IMF deputy MD says

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Former IMF chief economist Gita Gopinath stated that former President Trump's tariffs have yielded limited benefits for the US after six months. While boosting government revenue, these tariffs have burdened domestic firms and consumers with higher prices, particularly for household goods, and have not improved the trade balance or manufacturing sector.

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