Filtered by: Tariffs
Lovely discusses impact of Trump's tariff threats in TIME
"We had the chance to bring some people back into the workforce who had really been hurt under the recession. And I’m worried that’s going to be jeopardized before those people have a chance to get a full-time job," says Mary Lovely, professor of economics.
See related: Economic Policy, Labor, Latin America & the Caribbean, Tariffs, United States
McCormick op-ed on US tariffs against Mexico published in Newsday
"The question we should all ask is whether President Donald Trump’s threat of imposing scaled tariffs on Mexico will go the way he plans—including shutting down the border," says Gladys McCormick, Jay and Debe Moskowitz Endowed Chair in Mexico-U.S. Relations.
See related: Economic Policy, Latin America & the Caribbean, Tariffs, United States
McCormick featured in ValueWalk article on Trump's tariffs on Mexico
"The fallout of such tariffs could be catastrophic to Mexico's economy, thereby worsening the migration north," says Gladys McCormick, associate professor of history and Jay and Debe Moskowitz Endowed Chair in Mexico-U.S. Relations.
See related: Economic Policy, Latin America & the Caribbean, Migration, Tariffs, United States
Lovely discusses trade war, tariffs on Mexico with Agence France-Presse, Bloomberg, NY Times
"This is really going to hurt American businesses who use Mexico to reduce their costs and stay competitive," Mary Lovely, professor of economics, told Bloomberg after President Trump announced that all products from Mexico will be hit with 25 percent tariffs.
See related: Economic Policy, Latin America & the Caribbean, Tariffs, Trade, United States
Lovely discusses US-China trade, tariffs on Bloomberg, CGTN
"It’ll hit the pocketbooks of the working class hard," Professor Mary Lovely said about Trump's recent trade-war threat to increase tariffs.
See related: China, Economic Policy, Tariffs, Trade, United States
Lovely speaks with Associated Press, Washington Post about Trump's tariffs
According to Professor of Economics Mary Lovely, "this is not a negotiating tactic. Trump is a true believer...He wrongly believes tariffs will help the U.S. auto industry."
See related: Tariffs
Lovely provides an economic history of tariffs on Marketplace
"The economy has changed a lot since 1888 and in particular, when we think about who bears the burden of tariffs, we have to recognize the development of very complex supply chains for American companies," says Professor of Economics Mary Lovely.
See related: China, Federal Government, International Affairs, Tariffs, Trade, United States
Lovely quoted in Business Insider article on US tariff revenue
"The president looks at this [foreign tariffs] and says it's coming from foreigners," says Mary Lovely, professor of economics. "That's not technically correct. I mean, I go to Macy's and pay a sales tax. Macy's is the one that sends the check to the government, but that doesn't mean they're the ones that pay the tax. I am."
See related: Tariffs
Lovely quoted in Bloomberg article on China, Trump's tariffs
See related: Tariffs
Lovely discusses impact of tariffs on Chinese supply chains in Xinhua
"So there's a great deal of uncertainty and firms are really in doubt as to what they should do because moving the supply chain is costly. Before you want to do that, you want to make sure that it's something that you really need to do," says Mary Lovely. professor of economics.
See related: Tariffs
Mitra discusses tariff retaliation by India in Livemint article
Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs, says, "any tariff increase will come at a huge cost to India’s consumers as well as producers who use imported inputs."
See related: Government, India, International Affairs, Tariffs, Trade
Lovely discusses tariffs with the Economist, Wall Street Journal
"The first few rounds of tariffs hit supply chains really hard," says Mary Lovely, professor of economics. Now, the Trump administration "has begun to hit things clearly not processed in the U.S.—consumer goods—and this is going to get people’s attention."
See related: China, Federal Government, International Affairs, Tariffs, Trade, United States
Lovely discusses winners and losers of steel tariffs on NPR
"The companies that use steel, like aluminum can manufacturers, or companies that make steel vats for pharmaceuticals or the dairy industry, they're going to be hurt by this," says Mary Lovely, professor of economics.
See related: Federal Government, International Affairs, Tariffs, Trade, United States
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