In the News: Mary E. Lovely

"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.

"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.

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.

"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.

"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.

"It’ll hit the pocketbooks of the working class hard," Professor Mary Lovely said about Trump's recent trade-war threat to increase tariffs.

"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.

According to Mary Lovely, professor of economics, China's leadership is "looking for friends everywhere." And with France being an important player in Europe, "they're also looking to continue to diversify their portfolio in terms of where they do business and how they do business," she says.

"Many men believe they themselves are not part of the problem, yet they continue to organize sessions without any women authors or discussants," says Mary Lovely, professor of economics. "And I still am present at meetings where women's views are heard and then trivialized." 

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."

"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. 

"More tariffs and failure to get a deal will ultimately seem to people like further failure of the government," says Mary Lovely, professor of economics.

The magazine leads with a feature on Minnowbrook at 50, where leading public administration scholars and practitioners gathered to address the field's most pressing issues. Historically, each Minnowbrook conference culminated in the publication of books, articles and/or special issues of journals that left a lasting impression on scholars around the world.

"Both sides are finding out that trade wars are painful," says Mary Lovely, professor of economics. "The Chinese economy is slowing. ...Foreign investment into the U.S. is down, and there is concern about domestic investment moving forward."

Mary Lovely, professor of economics, notes that some Chinese goods have no alternative sourcing, and even when workarounds from other countries are available, they are often not perfect substitutes and lead to higher pricing for U.S. companies.

"It’s not going to put any of these banks in a good place to have these two big countries duking it out in the midst of their lending programmes," says Mary Lovely, professor of economics.