'US tariffs: Uncertainty bigger than Covid, financial crisis'

NEW DELHI: Asian Infrastructure Investment Bank chief economist Erik Berglof says that US tariffs have created more uncertainty than the Covid pandemic or the global financial crisis and argues that global supply chains are here to stay. Excerpts from an interview with TOI: What do you make of current global situation in the wake of the tariffs and trade restrictions? It creates a lot of uncertainty globally, and in individual countries. Unfortunately, India is one of the countries that has been most affected by this. The policy uncertainty, which is unprecedented, is even bigger than it was during Covid and the global financial crisis. It will have very significant costs for investment and trade, and the overall impact on economic growth will be significant. We are getting some