‘Trade deficits distinct from BOP deficits’: Gita Gopinath backs Neal Katyal on Trump’s 15% tariff move

[ad_1] Former IMF chief economist Gita Gopinath has backed Indian-American lawyer Neal Katyal in questioning US President Donald Trump’s decision to impose a 15 per cent global tariff.Responding to Katyal’s post on X, Gopinath supported his argument that trade deficits and balance-of-payments deficits are conceptually different, a distinction central to the legal debate over the […]

‘Trade deficits distinct from BOP deficits’: Gita Gopinath backs Neal Katyal on Trump’s 15% tariff move

[ad_1] Former IMF chief economist Gita Gopinath has backed Indian-American lawyer Neal Katyal in questioning US President Donald Trump’s decision to impose a 15 per cent global tariff.Responding to Katyal’s post on X, Gopinath supported his argument that trade deficits and balance-of-payments deficits are conceptually different, a distinction central to the legal debate over the […]

‘Tariffs are a discipline, not a magic wand’: Top White House aide explains why duties are beneficial in the long run

[ad_1] Tariffs are not a tool for headlines but a strategic instrument to rebuild American industry, according to Peter Navarro, White House senior counsellor for trade and manufacturing and one of US President Trump’s top advisor. In an op-ed piece in the Wall Street Journal, Navarro discussed the 2025 trade experience, saying both extremes of […]

Federal court blocks Trump from imposing sweeping tariffs under emergency powers law | World News

[ad_1] Federal court blocks Trump from imposing sweeping tariffs under emergency powers law (ANI) WASHINGTON: A federal court on Wednesday blocked US President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law, swiftly throwing into doubt Trump’s signature set of economic policies that have rattled global financial markets, frustrated trade partners and […]

Donald Trump’s reciprocal tariffs: Which countries take the hardest hit and which escape?

[ad_1] NEW DELHI: US President Donald Trump on Thursday imposed broad new tariffs, introducing a universal 10% tax on all imports, with additional levies ranging from 10% to 50% depending on trade imbalances. The measures, enacted under the 1977 International Emergency Economic Powers Act, aim to counter trade deficits and strengthen domestic manufacturing. While Trump […]

Beyond ‘Dirty 15’: Trump says ‘Liberation Day’ tariffs to hit all countries

[ad_1] US president Donald Trump The US President Donald Trump announced that his upcoming reciprocal tariffs will affect all countries globally, rather than being limited to 10-15 nations with significant trade deficits.Trump plans to reveal an extensive tariff scheme on Wednesday, which he refers to as “Liberation Day.” Previously, he has implemented duties on aluminium, […]