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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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Trade war is tougher threat than COVID for emerging market cenbanks, IMF says

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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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  • 38% of the sources are Center
38% Center
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USA Today broke the news in United States on Tuesday, June 3, 2025.
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