Former IMF deputy Gita Gopinath: ‘It’s straight-out protectionism’
The economist on Trump’s tariffs, looming threats to the dollar — and why we’re living through a ‘great gamble’
Source: Financial Times
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DW NOTE
Gopinath spent three years at the IMF watching governments inflate, then left six months before the Hormuz closure pushed gold up 37% year-over-year. Now she calls Trump's tariffs "straight-out protectionism" while the Fed holds rates at 3.65% against a $1.9 trillion deficit. Protectionism is a problem; monetary policy that turns every pension into a short position on purchasing power is the system.