Lovely discusses Phase 1 US-China trade deal with AFP, NPR, Reuters
Tariffs that will remain on goods from China after the Phase 1 trade deal are a big problem for the U.S. economy going forward, Professor Mary Lovely told Reuters. "You’re taxing things that our businesses need to be competitive, and yet you’re saying the point of this is to support manufacturing," Lovely says of Trump’s tariff actions. "But it does seem very clear now that the data is pointing in that direction, that these (tariffs) are having a negative effect on manufacturing." Lovely spoke with multiple international news outlets about the US-China trade deal.
Agence France Presse: "US, China set to sign vital trade truce"
Associated Press: "US lobster industry hopes new deal renews trade with China"
Business Insider: "Trump's trade deal left out some issues that started the tariff war in the first place"
CGTN: "Soybeans and old tariffs: Why all the fuss?"
Christian Science Monitor: "A pause, for now: Inside the US-China trade deal"
New York Times: "Trump Hopes Trade Deals Will Boost Growth. Experts Are Skeptical."
NPR: "Trump To Sign 'Phase 1' China Trade Deal, But Most Tariffs Remain In Place"
Reuters: "Drag from Trump's trade wars continues to ripple through U.S. economy"