Washington, Oct. 8 -- Former IMF Chief Economist Gita Gopinath has said that six months after the implementation of the so-called "Liberation Day" tariffs, the United States has seen limited benefits, with the measures largely burdening domestic firms and consumers.

In a post on X, Gopinath said that the tariffs have substantially increased government revenue but have effectively served as a tax on US companies and consumers.

"Raise revenue for the government? Yes. Quite substantially. Borne almost entirely by US firms and passed on some to US consumers," she noted.

However, she pointed out that the tariffs have also contributed to higher prices. "Raise inflation? Yes, by small amounts overall. More substantially for household applianc...