Filtered by: Trade
Mitra Quoted in New York Times Article on the US’s Relationship With India
“Right now, India feels that the U.S. is not a very reliable partner,” says Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs. “They thought the U.S. was an ally. If India is moving towards China, it’s a friendship of convenience.”
See related: China, Federal Government, India, International Affairs, Russia, Tariffs, Trade, United States
Mitra Speaks With NPR and Reuters About Trump's High Tariffs on Indian Goods
“In the situation and climate President Trump has created, it won’t be surprising if both India and China find this a mutually beneficial transaction,” says Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs.
See related: China, Federal Government, India, International Affairs, Tariffs, Trade, United States
Mitra Weighs In on Trump’s Tariff Threats to India in The Guardian Article
“India did consider the U.S. an ally,” says Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs. “It was a country that the U.S. was relying on as a counter to China in that region. So it had a huge geopolitical importance, but it doesn’t seem like Trump values any of that.”
See related: Federal Government, India, International Affairs, Tariffs, Trade, United States
Mitra Discusses Trump’s Import Tariffs in TIME Article
“The seductive rhetoric of Trump tariffs hides a combination of contradictions, wishful thinking, and superficial understanding of economics, which sells America a mirage and threatens to weaken the stability of the global trading system,” writes Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs.
See related: Federal Government, International Affairs, Tariffs, Trade, United States
Lovely Talks to China Daily About Tariffs and Consumer Spending
“The…taxes are economically significant…and regressive in the sense that they take a larger share of income from poorer households than richer households,” says Mary Lovely, professor emerita of economics.
See related: China, International Affairs, Tariffs, Trade, United States
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.
See related: China, Federal Government, Labor, Tariffs, Trade, United States
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 Government, 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 Government, 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 Government, 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 Government, 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 Government, 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 Government, 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 Government, 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 Government, International Affairs, Latin America & the Caribbean, Tariffs, Trade, United States
Monarch Explains Tariffs and Their Implications on the Economy With The Motley Fool and Develop This
“Tariffs cause the price of affected goods to rise. In fact, research into the 2018-2019 trade war has shown that the prices of U.S. imported goods affected by tariffs rose by nearly the entire amount of tariffs imposed, meaning that U.S. importers bore the brunt of the increase in costs,” says Ryan Monarch, assistant professor of economics.
See related: Federal Government, International Affairs, Tariffs, Trade, United States
McCormick Discusses the Impact of Trump’s Tariffs on Mexico in Business Insider, NBC News Articles
“The consequences of pushing the Mexican economy into a forced and deep recession is that, if anything, it will actually make people have to resort to informal economic activity, which oftentimes is illicit,” says Gladys McCormick, Jay and Debe Moskowitz Endowed Chair in Mexico-U.S. Relations.
Monarch Discusses Trump’s Proposed Changes to American Trade Policy in Directorship Magazine Article
“We know that President Trump is not afraid to have an actual trade war,” he continued. “We saw it in 2018 and 2019, where almost all goods coming from China were hit with the highest tariffs we've seen in almost 100 years. And those were very disruptive,” says Ryan Monarch, assistant professor of economics.
See related: Canada, China, Federal Government, International Affairs, Latin America & the Caribbean, Tariffs, Trade, United States
Lovely Quoted in China Daily Article on the Impact of Trump’s Tariffs on US Small Businesses
For the U.S., tariffs “can cause job loss in sectors that use imported intermediate and capital goods,” says Mary Lovely, professor emerita of economics.
See related: China, Federal Government, International Affairs, Tariffs, Trade, United States
Monarch Speaks With Newsweek About US tariffs and the Housing Market
Ryan Monarch, assistant professor of economics, says that it is “clear” tariffs on products like steel and aluminum will increase the cost of building housing and developments and, therefore, drive up the prices of housing in the U.S.