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