Lovely quoted in Politico article on impact of Trump's trade policy
February 8, 2021
Politico
"The Trump administration never had a feasible plan for reducing the trade deficit," explains Professor Mary Lovely. "Their 2017 tax cut ensured that the U.S. as a whole would continue to spend more than it produced, hence the need for a current account deficit. The tariffs on China reduced imports from China, but these were mostly replaced with imports from other sources." Read more in the Politico article, "America’s trade gap soared under Trump, final figures show."
Related News
Commentary
Jan 17, 2025
Commentary
Jan 16, 2025
Commentary
Jan 16, 2025
