Maxwell School News and Faculty Media, Opinion and Analysis

Lovely weighs in on Harley-Davidson, tariffs in AP, Reuters, NBC

"More firms will follow Harley’s lead and move production overseas," says Mary Lovely, professor of economics. "Can’t blame them. Many companies are being put in very difficult positions."

June 27, 2018

Mitra discusses steel tariffs in Auburn Citizen

"Tariffs on the imports of steel will make steel more expensive here, thereby raising the cost of production in steel-using industries and making them less profitable," says Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs. "These steel-using industries will then cut employment."

June 19, 2018

See related: Tariffs

Andrew Cohen discusses tariffs and trade on WAER

Andrew Wender Cohen, Dr. Walter Montgomery and Marian Gruber Professor of History, was a guest on WAER for the segment "Canadian Diplomat and SU Prof: Tariffs Will Cause Damage to Consumers, Workers, and Industry." "American manufacturers can raise the price of their steel to match the new price created by the tariff on foreign products," says Cohen. "So it increases their profits, and the hope is that they distribute that to their workers. At least, that's the logic according to the Trump administration. Economists tell you that won't necessarily happen."

June 6, 2018

See related: Tariffs, Trade

Lovely discusses trade, tariffs in Washington Post, Bloomberg, Marketplace

These new tariffs will “almost surely not” cause a recession, says Mary Lovely, professor of economics. “This industry is important but it’s not that important. Costs will rise. We’ll see some job dislocation…but we will not see a recession,” she adds.

June 4, 2018

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Andrew Cohen discusses tariffs, Great Depression in PolitiFact

Andrew Wender Cohen, Dr. Walter Montgomery and Marian Gruber Professor of History, was quoted in the PolitiFact article "Is protectionism a big part of the Great Depression, as Ben Sasse said?" "Economists today debate the tariffs’ effect on the Great Depression -- some feel it substantially worsened the downturn, while others think its negative effect was small," says Cohen. 06/01/1

June 1, 2018

See related: Tariffs, Trade, United States

Lovely discusses possible US tariffs on auto imports with Bloomberg

"We've come to expect this type of ebb and flow in terms of the threat of levying trade protections against our trading partners from this administration," says Mary Lovely, professor of economics.

May 24, 2018

Lovely featured in Bloomberg article on impact of US tariffs on China

"The proposed tariffs will hit bilateral trade in fast-growing, knowledge-based sectors the hardest," say Mary Lovely, professor of economics, and Yang Liang, a Ph.D. candidate in economics. "Rather than hitting the administration’s intended target—Chinese firms that may have unfairly obtained American technology—the proposed tariffs would actually inflict damage on U.S. high-technology sectors."

May 17, 2018

Lovely weighs in on steel tariff exemptions in Agence France Presse

Mary Lovely, professor of economics, warns that using national security as a justification for trade measures opens the door for other countries to do the same. "This is a really slippery slope in a bazillion ways," she says. "This could be a blank check for using these kinds of tools."

May 1, 2018

Lovely speaks with AP, Minnesota Public Radio about products targeted by US-China tariffs

Mary Lovely, professor of economics, says it’s impossible to protect American consumers and put maximum pressure on China at the same time.

April 10, 2018

Lovely speaks with China Central TV about new US tariffs

“This is a warning. It means that when China utilizes American technology and innovation to make achievements, the U.S. will not sit aside and simply let it happen,” says Mary Lovely, professor of economics.

April 2, 2018

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