Maxwell School News and Commentary
Filtered by: Trade
Lovely talks to Agweek about Biden's approach on trade issues
"We know to expect, clearly from his history, that President-elect Biden will work more closely with Western allies and use international institutions to promote new global initiatives," says Mary Lovely, professor of economics.
See related: Economic Policy, Federal, Trade, United States
Lovely discusses US-China trade under Biden in Iowa Capital Dispatch
"If there’s going to be some type of rapprochement with China on this [trade deals], there’s going to have to be negotiations before that between the Chinese and the Americans that deescalate the conflict and result in some other wins from both sides," says Mary Lovely, professor of economics.
See related: China, Economic Policy, Federal, Trade, United States
Lovely quoted in New York Times article on the Regional Comprehensive Economic Partnership
"RCEP [Regional Comprehensive Economic Partnership] gives foreign companies enhanced flexibility in navigating between the two giants," says Professor of Economics Mary Lovely. "Lower tariffs within the region increases the value of operating within the Asian region, while the uniform rules of origin make it easier to pull production away from the Chinese mainland while retaining that access."
See related: China, Economic Policy, Trade
Lovely discusses US trade ties with Asia-Pacific nations in Bloomberg
"The choice for Biden is clear," says Mary Lovely, professor of economics. "Return the U.S. to the Trans-Pacific Partnership to ensure access for U.S. companies."
See related: China, Economic Policy, Trade, United States
Lovely comments on auto trade under Biden presidency in CNBC article
"On automotive trade, I don’t think you’re going to see Biden making much of a move," says Professor of Economics Mary Lovely. "There’s no way, especially with the labor support Biden has, he’s going to change that."
See related: Economic Policy, Trade, U.S. Elections, United States
Lovely speaks to South China Morning Post about the future of trade, CPTPP
"The Trumpers have this idea that we‘re going to bring supply chains back home, and that is not going to happen, so where are we going?" Many Americans "don’t want to deal with a communist country that they don’t understand, with human rights positions they don’t approve of, to put it mildly," says Mary Lovely, professor of economics.
See related: China, Economic Policy, Trade, U.S. Elections, United States
Lovely speaks to BNN Bloomberg, Politico about Trump's use of tariffs
"Short-term fixes like tariffs don’t work," says Professor Mary Lovely. She claims that 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.
See related: Economic Policy, Federal, Trade, United States
Lovely quoted in Washington Times article on Trump, Biden and trade
"I would just say an important difference between Biden and Trump, when the smoke clears, is that Biden wants to work with the allies," says Professor of Economics Mary Lovely.
See related: Political Parties, Trade, U.S. Elections, United States
Lovely quoted in Reuters article on how Biden will handle tariffs
"It’s unclear how [President Biden] will balance these different competing forces," says Professor of Economics Mary Lovely, about the different parties with a vested interest in Trump's China tariffs, such as labor unions, farmers and climate activists.
See related: Economic Policy, Federal, Trade, United States
Lovely weighs in on China's purchase targets, trade deal in Washington Post
"Even if they buy huge amounts, they’re not going to be on target," says Professor Mary Lovely about U.S. exports to China.