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Six months after new tariffs took effect, economists say they've raised prices for U.S. consumers without improving trade or manufacturing.
Six months after the 'Liberation Day' tariffs took effect, former IMF Chief Economist Gita Gopinath says the policy has primarily acted as a tax on U.S. consumers and businesses, boosting government revenue but increasing prices—especially for appliances, furniture, and coffee—without improving the trade balance or manufacturing sector.
Despite a 25% tariff on Indian imports, a secondary 25% duty, and a planned 100% tariff on branded pharmaceuticals unless production shifts to the U.S., no measurable economic gains have materialized.
Gopinath called the overall impact negative, with inflationary pressures rising and no evidence of promised benefits.
Meanwhile, the World Bank forecasts India will remain the world’s fastest-growing major economy, driven by strong domestic demand and rural wage growth.
Seis meses después de la entrada en vigor de los nuevos aranceles, los economistas dicen que han aumentado los precios para los consumidores estadounidenses sin mejorar el comercio o la fabricación.