Tarifeler, Gelişen Piyasalar İçin Covid’den Daha Zorlu Olacak

Gita Gopinath from the IMF stated that President Trump’s tariffs are putting emerging markets at risk due to capital flight and interest rate dilemmas.

Gita Gopinath, the Deputy Managing Director of the International Monetary Fund (IMF), remarked that the renewed global trade war initiated by U.S. President Donald Trump presents a greater challenge for central banks in emerging economies than the Covid-19 crisis did.

Speaking to the Financial Times, Gopinath noted that during the pandemic in 2020, central banks acted in a synchronized manner with interest rate cuts and stimulus packages, but the current situation is far more fragmented and complex.

Gopinath emphasized that the unpredictable effects of tariff policies lead to asymmetric shocks, complicating monetary policies in developing countries, stating, “This time, the challenges are significantly greater compared to the pandemic.”

Referring to the outlook for emerging markets as akin to “navigating through fog,” the IMF official indicated that the aggressive and fluctuating trade policies from the U.S. heighten uncertainty in this environment.

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