In the News: Mary E. Lovely
Lovely quoted in Business Insider article on service-sector activity
"We can see that service jobs are put at risk when President Trump launches a trade war," says Professor of Economics Mary Lovely. "Many service jobs depend on trade, not just because we export services directly but also because services go into export production."
See related: Federal, Labor, Trade, United States
Lovely quoted in McClatchy article on impact of USMCA on auto prices
Mary Lovely, professor of economics, says "the effect of the agreement is going to be swamped by whatever happens next with the economy," about the trade deal.
See related: Canada, Economic Policy, Latin America & the Caribbean, Trade, United States
Lovely helps debunk Trump's statement on China's economy in PolitiFact
"As an economy develops, growth rates come down," says Mary Lovely, professor of economics. "Over the long term, we have seen China’s average growth rate decline, which is what we would expect."
See related: China, Economic Policy
Lovely discusses US-China trade war with Business Insider, Marketplace
"Higher taxes on these goods are likely to be highly regressive, in that lower and middle class Americans spend a higher portion of their income on these Chinese imports than do higher income Americans," says Mary Lovely, professor of economics.
See related: China, Economic Policy, Trade, United States
Lovely discusses the US-China trade war with Insider, Bloomberg
See related: China, Economic Policy, Trade, United States
Lovely discusses costs of US-China trade war on Knowledge@Wharton
"We’re going to see permanently higher prices because the system as a whole will be less efficient," says Professor of Economics Mary Lovely. "President Trump’s actions are cementing firms’ view that this is going to go on for a long time."
See related: China, Economic Policy, Trade, United States
Lovely discusses impact of Trump's new tariffs in CNN op-ed
"This new bundle of taxes falls heavily on final goods, such as clothing, shoes, household goods and baby products. If the tariffs start on September 1, as suggested by the president's tweet, shoppers will see the impact immediately, as they begin their back-to-school shopping," writes Professor of Economics Mary Lovely.
See related: China, Federal, Taxation, United States
Lovely quoted in Christian Science Monitor article on recession fears
Fears of recession are growing, especially in the business community, and the question is whether that uncertainty will spread to consumers. "We won’t see that until we start to see a real slowdown in hiring," says Professor of Economics Mary Lovely.
See related: Economic Policy, Federal, United States
Lovely weighs in on slowdown of China's economic growth in Associated Press
Slowing demand in China could depress their revenue, earnings and stock market value, says Mary Lovely, professor of economics. "President Trump is probably happy that he’s starting to tank the Chinese economy," Lovely says. "But it’s a case of ‘be careful what you wish for.’"
See related: China, Economic Policy, United States
Lovely comments on widening US-China trade gap on NPR
"I think whatever jobs are created by President Trump's war on global supply chains are going to be dwarfed by losses in the U.S. export sectors," says Mary Lovely, professor of economics.
See related: China, Economic Policy, Trade, United States
Lovely discusses possible outcomes of Trump-Xi meeting on Bloomberg
"We're looking at politics here so he [President Trump] may be looking for some gigantic sign that he has won, that he as somehow brought the Chinese to the table in a way that no one else could," says Mary Lovely, professor of economics. "And I think that's where the danger lies because that's what the Chinese are not going to want to give him."
See related: China, Economic Policy, Federal, Government, United States
Lovely comments on multilateral trade, G20 summit in Japan Times
See related: Economic Policy, Political Parties, Trade, United States
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, 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, Trade, United States
Lovely weighs in on redirecting production away from China in Christian Science Monitor
Already production of shoes, apparel, toys and other "footloose" industries has been shifting from China to Vietnam and other countries, partly due to rising wages in China, says Mary Lovely, professor of economics.
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, 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