Trade War a Bigger Challenge for Emerging Market Central Banks than Covid, Says IMF’s Gita Gopinath
- President Donald Trump set a June 4, 2025 deadline for countries to submit final tariff offers amid ongoing U.S. Trade negotiations.
- The deadline follows a 90-day tariff pause starting April 9 aimed at resolving tariff uncertainty affecting global manufacturing.
- Despite some easing of U.S.-China tariffs in May, U.S. Manufacturing contracted with the Purchasing Managers Index falling to 48.5%.
- Gita Gopinath of the IMF indicated that emerging market central banks are facing more complex and difficult challenges now than they did during the pandemic.
- Kiwi exporters express strong concern over tariffs, with many shifting focus closer to home and seeking resilience amid ongoing volatility.
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Donald Trump's America-first policy could become a major problem for emerging economies, warns IMF Vice-President Gita Gopinath. For central banks there, the challenge is greater than in the Coronapandemie.
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Total News Sources23
Leaning Left4Leaning Right4Center5Last UpdatedBias Distribution38% Center
Bias Distribution
- 38% of the sources are Center
38% Center
L 31%
C 38%
R 31%
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