Lovely speaks to BNN Bloomberg, Politico about Trump's use of tariffs
October 7, 2020
Mary E. Lovely
"Short-term fixes like tariffs don’t work," Professor Mary Lovely tells Politico. "It’s magical thinking." The large U.S. trade deficit is fundamentally driven by larger economic factors — like the fact Americans spend more than they save and have to borrow from abroad to finance the difference, she says. Lovely also spoke to BNN Bloomberg about President Donald Trump's use of tariffs.