Maxwell School News and Commentary
Filtered by: Trade
Lovely Quoted in China Daily Article on Trump’s Tariffs, Rebound of US Manufacturing
Tariffs are often touted by politicians as a good idea because they contend “that China has not adhered to global trade rules by unfairly subsidizing its manufacturing sector. This view leads people to think that trade is unfair to domestic producers and workers and to see tariffs are justified,” says Mary Lovely, professor emerita of economics.
Bringing Home The Bacon: Politician Ambassadors and Home State Trade
“Bringing Home The Bacon: Politician Ambassadors and Home State Trade,” co-authored by Assistant Professor of Political Science Minju Kim, was published in World Politics.
See related: Government, International Affairs, Trade, United States
Monarch Talks With the Associated Press, Splinter and Tax Chats Podcast About Trump’s Tariffs
“We don’t know what the U.S. is doing. We don’t know why they’re doing it, and they seem to revel in the fact that they’re causing trouble, economic pain and consternation all across Europe and the world,” says Ryan Monarch, assistant professor of economics.
See related: China, Federal, International Affairs, Tariffs, Trade, United States
Gueorguiev and McFate Quoted in Radio Free Europe Article on China’s Control of Rare Earth Minerals
“What oil was to the 20th century, rare earth minerals are to the 21st,” says Sean McFate, adjunct professor in Maxwell's Washington programs. “Microchips, green technology, and quantum computing all require rare earths, and China has the bulk of them. It's a national security imperative that goes beyond the stock market.”
See related: China, Federal, International Affairs, Trade, United States
McDowell Discusses the Mar-a-Lago Accord and the US Dollar in Deutsche Welle Interview
Part of the Mar-a-Lago Accord is essentially the goal to reduce U.S. debt service costs by forcing other countries to exchange existing U.S. bonds for 100-year, low- or no-interest bonds. “This is such an unprecedented idea. This is, in my opinion, the most kind of fantastical part of this,” says Daniel McDowell, Maxwell Advisory Board Professor of International Affairs.
See related: Economic Policy, Federal, International Affairs, Trade, U.S. Foreign Policy, United States
Lovely Speaks to China Daily About the Impact of President Trump’s Tariffs
“In some sectors, tariffs create no new jobs in the U.S., as trade is diverted to third countries rather than inducing new domestic production,” says Mary Lovely, professor emerita of economics.
See related: Canada, China, Federal, International Affairs, Latin America & the Caribbean, Tariffs, Trade, United States
Monarch Speaks With Newsweek and NY Post About Trump’s Tariffs, Rising Prices
See related: Federal, International Affairs, Tariffs, Trade, United States
McDowell Article on Trump Administration’s ‘Mar-a-Lago Accord’ Published by Atlantic Council
“The public is not enthusiastic about a depreciating currency, even if that means more exports. This implies that a core component of a Mar-a-Lago Accord—a sustained weakening of the dollar—could pose political risks for Trump,” writes Professor of Political Science Daniel McDowell and his co-author, David Steinberg.
See related: Economic Policy, Federal, International Affairs, Trade, United States
Monarch Discusses the Impacts of Trump’s Tariffs in Newsweek and Nexstar Articles
Typically, a Republican presidency would be defined by a pro-business outlook that includes lower taxes and deregulation, which tend to boost investment in equities. Trump's tariffs, however, are a driving force in the other direction this time, says Ryan Monarch, assistant professor of economics.
See related: Canada, Federal, International Affairs, Tariffs, Trade, United States
Lovely Talks to NewsNation About Trump’s One-Month Tariff Exemption for US Automakers
“What we can say is that one month is not enough time to rearrange production networks which have served North America extremely well. We can't move assembly plants or manufacturing facilities for roof racks or catalytic converters or whole assembly plants from Mexico to the United States,” says Mary Lovely, professor emerita of economics.
See related: Canada, Federal, International Affairs, Latin America & the Caribbean, Tariffs, Trade, United States