Filtered by: Economic Policy
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 Government, 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 Government, 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.
See related: Tariffs
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 Government, 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."
See related: Tariffs
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.
See related: Tariffs
Andrew Cohen discusses tariffs, Great Depression in PolitiFact
See related: Tariffs, Trade, United States
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 Government, 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 Government, International Affairs, Tariffs, Trade, United States
Lovely weighs in on steel tariff exemptions in Agence France Presse
Mary Lovely, professor of economics, warns that using national security as a justification for trade measures opens the door for other countries to do the same. "This is a really slippery slope in a bazillion ways," she says. "This could be a blank check for using these kinds of tools."
See related: Federal Government, International Affairs, Tariffs, Trade, United States
Lovely speaks with AP, Minnesota Public Radio about products targeted by US-China tariffs
Mary Lovely, professor of economics, says it’s impossible to protect American consumers and put maximum pressure on China at the same time.
See related: China, Federal Government, International Affairs, Tariffs, Trade, United States
Lovely speaks with China Central TV about new US tariffs
“This is a warning. It means that when China utilizes American technology and innovation to make achievements, the U.S. will not sit aside and simply let it happen,” says Mary Lovely, professor of economics.
See related: China, Federal Government, International Affairs, Tariffs, Trade, United States
Lovely speaks with Nexstar about new tariffs on Chinese imports
"A trade war is not inevitable," says Mary Lovely, professor of economics. "But the time is getting very late for us to avoid it."
See related: China, Federal Government, International Affairs, Tariffs, Trade, United States
Lovely discusses fairness of Chinese automobile tariffs in CNN Money
Mary Lovely, professor of economics, says the reason why the United States and China have such drastically different tariff rates for imported cars is because of a pre-existing deal between the countries to keep car tariffs high while slashing import taxes on other goods, such as soybeans.
See related: China, Federal Government, International Affairs, Tariffs, Trade, United States
Lovely and Mitra discuss India's rise in import tariffs in Financial Times
See related: Tariffs
Mitra weighs in on India's tariff hikes in Wall Street Journal
Instead of raising tariffs India should have emulated China by reforming labor laws and maintaining a low-tariff regime on intermediate goods to attract export-oriented global manufacturing firms, according to Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs.
See related: Government, India, International Affairs, Tariffs, Trade
Van Slyke Comments on Trump's Infrastructure Plan in CityLab
See related: Economic Policy, Government, Infrastructure
Lovely weighs in on tariffs on imported goods in Chicago Tribune
According to Professor Mary Lovely, a drawback to the hefty tariffs President Trump imposed on imported washing machines and solar panels is that "there will be less innovation in the long term."
See related: Federal Government, International Affairs, Tariffs, Trade, United States
Burman analysis of House GOP tax plan in Columbia Journal of Tax Law
"An Analysis of the House GOP Tax Plan," co-authored by Len Burman, Paul Volcker Chair in Behavioral Economics, examines the House GOP tax reform blueprint, which would significantly reduce marginal tax rates, increase standard deduction amounts, repeal personal exemptions and most itemized deductions, and convert business taxation into a destination-based cash flow consumption tax.
See related: Taxation, United States