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 use of Section 122 of the Trade Act of 1974 to justify sweeping tariffs.
