Lovely speaks to BNN Bloomberg, Politico about Trump's use of tariffs
"Short-term fixes like tariffs don’t work," Professor Mary Lovely, tells Politico. "It’s magical thinking." The large U.S. trade deficit is fundamentally driven by larger economic factors — like the fact Americans spend more than they save and have to borrow from abroad to finance the difference, she says. Lovely also spoke to BNN Bloomberg about Trump's use of tariffs.
BNN Bloomberg: "How the U.S. presidential election outcome could shape the future of Canadian trade"
Politico: "Why Trump lost his battle against the trade deficit"