Trump's new global tariff aims to balance payments, but is it even needed? Here's what experts say
Times of India
by TOI BUSINESS DESKFebruary 24, 2026
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Washington’s new 10% import tariffs took effect on Tuesday, following a Supreme Court ruling that invalidated President Trump’s previous tariff framework under the International Emergency Economic Powers Act (IEEPA). The tariffs were introduced under Section 122 of the Trade Act of 1974, with Trump threatening to raise them to 15% if deemed necessary. The administration claims these measures aim to address a significant US balance-of-payments deficit, but experts are skeptical.
Economists argue that the US is not facing a balance-of-payments crisis, as foreign investment in US equities and assets has remained strong. Gita Gopinath of the IMF stated that such crises typically occur
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Originally published on Times of India on 2/24/2026