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India may gain from trade actions against China: IMF
IMF chief economist Pierre-Olivier Gourinchas stated that India could benefit from global tariff actions against China, noting Indias significant FDI inflows since 2020. Speaking at the TN Srinivasan Memorial lecture, he highlighted that countries less connected to China might gain from higher tariffs on Chinese goods. However, Gourinchas warned of the negative impacts of trade fragmentation, including disrupted trade and capital flows, increased supply chain complexity, and potential inflation. He mentioned that countries like Vietnam and Mexico are also benefiting from these shifts in trade dynamics.
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