Gita Gopinath Says 150-Day Tariffs 'Cannot Reduce Persistent Trade Deficits,' Rejects 'Heart Attack' Narratives For US Economy - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)

Harvard Professor and former IMF First Deputy Managing Director Gita Gopinath has dismissed claims that the U.S. is facing a balance-of-payments (BoP) crisis, arguing that the administration's new 150-day tariffs are an ineffective tool for long-term economic stability.Diagnosis: Cholesterol, Not A Heart Attack“A 150-day tariff cannot reduce persistent trade deficits and the U.S. is not having a heart attack,” Gopinath posted on X, directly challenging the justification for invoking Section 122 of the Trade ...