Maxwell School News and Commentary
Filtered by: Trade
Mitra Article on Trump’s Tariffs and India’s Domestic Trade Policy Published on Moneycontrol.com
“What happens to U.S. trade policy in the end might not finally matter so much for India’s exports. India’s own policies and institutions might be the real binding constraints,” says Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs.
See related: Economic Policy, Government, India, International Affairs, Trade
Monarch Discusses US Exports, Tariffs and International Trade With Marketplace
Ryan Monarch, assistant professor of economics, says if more U.S. tariffs are imposed, he expects other countries will impose tariffs on our exports too, making them more expensive. And that means they might buy less of what we’re selling in the future.
See related: Federal, International Affairs, Taxation, Trade, United States
Lovely Talks to Kotaku and Spectrum News About Trump’s Tariffs
“We’re going to see an impact on both import flows and export flows,” says Mary Lovely, professor emeritus of economics. “For consumers, we’re going to see higher prices. Many people are predicting about a one-percentage point increase on the inflation rate.”
See related: China, Federal, International Affairs, Taxation, Trade, United States
McDowell Contributes Chapter to Gates Forum Report on Economic Statecraft
“The Sources of American Financial Power and its Challengers,” written by Daniel McDowell, Maxwell Advisory Board Professor of International Affairs, was presented at the third annual forum, hosted by the Gates Global Policy Center in partnership with William & Mary’s Global Research Institute.
See related: Economic Policy, Federal, International Affairs, Trade, U.S. Foreign Policy, United States
McDowell Discusses Trump’s Plans to Maintain Dollar Dominance in BBC, Bloomberg, Wash Post Articles
“The idea that you’d use political coercion to bind countries, or bind market actors within countries, to use the currency is not how the dollar ascended to this place in the first place,” says Daniel McDowell, professor of political science. “If that’s what’s needed to maintain dollar dominance, that shows there’s a real fundamental problem with the economic appeal.”
See related: Federal, International Affairs, Taxation, Trade, U.S. Foreign Policy, United States
Reeher Speaks With Fox News About Trump’s Proposed Tariffs for Mexico and Canada
“I think what he's putting out now, at this stage, could be seen as an attempt to nudge the behavior of both Mexico and Canada regarding the border and to engage in what is essentially financial saber rattling. But also, I wouldn't be surprised to see him follow through on this because he is a believer in tariffs,” says Grant Reeher, professor of political science.
See related: Canada, Federal, International Affairs, Latin America & the Caribbean, Taxation, Trade, United States
Lovely Weighs In on How Trump's Proposed Tariffs Will Impact US Consumers in China Daily Article
The new duties also could mean “a household with median income is projected to pay $1,700 more each year in import taxes,” says Mary Lovely, professor emerita of economics.
See related: China, Federal, International Affairs, Taxation, Trade, United States
Rising Import Tariffs, Falling Exports: When Modern Supply Chains Meet Old-Style Protectionism
“Rising Import Tariffs, Falling Exports: When Modern Supply Chains Meet Old-Style Protectionism,” co-authored by Assistant Professor of Economics Ryan Monarch, was published in American Economic Journal: Applied Economics.
See related: International Affairs, Taxation, Trade, United States
Supply Chain Adjustments to Tariff Shocks: Firm Trade Linkages in the 2018-2019 US Trade War
Using confidential trade data, Ryan Monarch and co-authors show primary drivers of the decline in U.S. imports of tariffed goods were firm exits, discontinued buyer-supplier relationships, and reduced importing entry. Published in Economics Letters.
See related: International Affairs, Taxation, Trade, United States
Monarch Talks to Marketplace About US Dollar Movements, the Fed and International Trade
Ryan Monarch, assistant professor of economics, says imported products are going to go up a bit in price. “Whether we’re talking about furniture from China, or we’re talking about bananas from Colombia, or whatever, dollar movements are going to make those things more expensive in the medium run,” he says.
See related: Economic Policy, International Affairs, Trade, United States