Filtered by: Trade
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 explains how the trade war hurts Americans in CNN article
See related: China, Economic Policy, Trade, United States
Lovely speaks with Associated Press, NPR, NY Times about the US-China trade war
"It looks like there was a level of specificity that China wasn’t willing to accept and a level of ambiguity that the Trump administration wasn’t willing to accept," Mary Lovely, professor emerita of economics, told the New York Times.
See related: China, Economic Policy, Trade, United States
Lovely discusses US-China trade war with ABC News, Marketplace, Wall Street Journal
"I think that if President Trump goes through and raises these tariffs and then China retaliates, there will be a lot more pain and no gain," says Professor of Economics Mary Lovely.
See related: China, Economic Policy, 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
US and China resume trade talks, Lovely comments in Associated Press
"The two bullies in the room are basically running the show. The rest of the world is going to have to deal with the aftermath," says Mary Lovely, professor of economics.
See related: China, Economic Policy, Trade, United States
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, International Affairs, Tariffs, Trade, United States
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, 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, 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, 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, International Affairs, Tariffs, Trade, United States
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, International Affairs, Tariffs, Trade, United States
Andrew Cohen discusses tariffs and trade on WAER
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, 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, 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, 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, International Affairs, Tariffs, Trade, United States