Maxwell School News and Commentary
Filtered by: Tariffs
Lovely discusses impact of tariffs on US businesses on NPR
Mary Lovely, professor of economics, says that after two rounds of retaliatory tariffs by China, U.S. ham and various other pork products now face massive tariffs—between 62 and 70 percent. "In recent weeks, the U.S. Department of Agriculture has reported zero weekly export sales of pork to China," she says. "So our exports to the country have pretty much collapsed."
See related: China, Federal, International Affairs, Tariffs, Trade, United States
Lovely discusses US-China tariffs in Associated Press, Atlantic, Wash Post, Wall Street Journal
Mary Lovely, professor of economics, explains why lower-income consumers, who tend to buy more goods from countries such as China, might end up feeling squeezed more than their higher-income counterparts.
See related: China, Federal, International Affairs, Tariffs, Trade, United States
Lovely discusses US-China tariffs with Associated Press, CBS, Consumer Reports, NY Times
"The biggest price hikes may be seen among these lower-priced products, and the effect of that will hit people toward the lower end of the income distribution more," says Professor of Economics Mary Lovely.
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Lovely weighs in on Harley-Davidson, tariffs in AP, Reuters, NBC
"More firms will follow Harley’s lead and move production overseas," says Mary Lovely, professor of economics. "Can’t blame them. Many companies are being put in very difficult positions."
See related: China, Federal, International Affairs, Tariffs, Trade, United States
Mitra discusses steel tariffs in Auburn Citizen
"Tariffs on the imports of steel will make steel more expensive here, thereby raising the cost of production in steel-using industries and making them less profitable," says Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs. "These steel-using industries will then cut employment."
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Andrew Cohen discusses tariffs and trade on WAER
Lovely discusses trade, tariffs in Washington Post, Bloomberg, Marketplace
These new tariffs will “almost surely not” cause a recession, says Mary Lovely, professor of economics. “This industry is important but it’s not that important. Costs will rise. We’ll see some job dislocation…but we will not see a recession,” she adds.
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Andrew Cohen discusses tariffs, Great Depression in PolitiFact
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Lovely discusses possible US tariffs on auto imports with Bloomberg
"We've come to expect this type of ebb and flow in terms of the threat of levying trade protections against our trading partners from this administration," says Mary Lovely, professor of economics.
See related: China, Federal, International Affairs, Tariffs, Trade, United States
Lovely featured in Bloomberg article on impact of US tariffs on China
"The proposed tariffs will hit bilateral trade in fast-growing, knowledge-based sectors the hardest," say Mary Lovely, professor of economics, and Yang Liang, a Ph.D. candidate in economics. "Rather than hitting the administration’s intended target—Chinese firms that may have unfairly obtained American technology—the proposed tariffs would actually inflict damage on U.S. high-technology sectors."
See related: China, Federal, International Affairs, Tariffs, Trade, United States