Lovely discusses winners and losers of steel tariffs on NPR
Mary Lovely explains how the Trump administration's steel tariffs produce winners and losers on NPR's All Things Considered. Tariffs make imported steel more expensive, which means domestic producers don't have to worry as much about price competition and can increase what they charge customers, says Lovely. The outlook is different for companies that must buy steel. "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," Lovely says. Higher costs will force some of them to raise prices, hurting their sales, she notes.
Lovely was also interviewed for the CNBC article "What a trade war means for your marijuana."