In the News: Mary E. Lovely
Lovely speaks with NY Times, PBS, Washington Post about USMCA trade deal
"Clearly, the U.S. is trying to gain advantage in the agreement, and we did. We were able to squeeze some stuff out," says Mary Lovely, professor of economics. We "got an agreement that was basically the NAFTA agreement with some updating."
See related: Canada, Economic Policy, Latin America & the Caribbean, Trade, United States
Lovely discusses the trade war, tariffs with Marketplace, PolitiFact
"When the price of these inputs go up, U.S. businesses find it harder to compete against non-U.S. competitors, even in the U.S. market," says Mary Lovely, professor of economics.
See related: China, Economic Policy, Tariffs, Trade, United States
Lovely discusses US-China tariff rollback in Associated Press, South China Morning Post
"We can be cautiously optimistic here,” Professor of Economics Mary Lovely says about potential tariff rollbacks. "The signals that are coming out are moving in the right direction for a deal."
See related: China, Economic Policy, Tariffs, Trade, United States
Lovely talks to Marketplace about weaknesses in US manufacturing
"We’re seeing the slowdown hit the Midwest, the farm belt," says Mary Lovely, professor of economics. "And a big slowdown in business investment, capital equipment purchases, is hitting states like Pennsylvania and Illinois."
See related: Agriculture, Trade, United States
Lovely speaks with Business Insider, NPR, Washington Post about the US-China trade war
"The key issue is how long the trade disruptions between U.S. and China last," says Professor of Economics Mary Lovely. "The longer they go on, the more the old networks atrophy and new networks get solidified."
See related: China, Economic Policy, Trade, United States
Lovely discusses impact of Hong Kong protests on trade with Fox News
Mary Lovely, professor of economics, says that the protests in Hong Kong haven't affected the U.S.-China trade talks as these are longstanding negotiations. "I think it does change the atmosphere for American businesses and the American public, as well as Chinese businesses and the Chinese public," she says.
See related: China, Economic Policy, Trade, United States
Lovely interviewed by CBS News on the US-China trade deal
"Even with the enormous emphasis President Trump places on restarting U.S. agricultural exports to China, details about the pace of expected Chinese purchases of $40 billion to $50 billion of American farm products are murky," says Mary Lovely, professor of economics.
See related: China, Economic Policy, International Agreements, Trade, United States
Lovely discusses the latest in US-China trade talks with Business Insider, NPR, The Week
"We have to remember that every other country in the world will be doing business with China. That puts our companies at a severe disadvantage in doing business," says Mary Lovely, professor of economics.
See related: China, Economic Policy, Trade, United States
Lovely discusses US, China with CNBC, Foreign Policy, Bloomberg, Business Insider, Financial Times
“The Chinese meanwhile are incredibly pragmatic, and they’ll certainly consider the possibility that the impeachment inquiry is having an effect. They’ll see the president as weakened. That will matter," says Professor of Economics Mary Lovely.
See related: China, Economic Policy, Trade, United States
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, Tariffs, 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