In The Atlantic, Mary Lovely explains why lower-income consumers, who tend to buy more goods from countries such as China, might end up feeling squeezed more than their higher-income counterparts. "We know that China is producing goods that are lower quality," says Lovely. "Take any consumer product. Snowboards. A tennis racket. Luggage. Rich people buy stuff from Switzerland. They don’t go to Target to buy a tennis racket from China." Lovely spoke with several media outlets about the latest in the U.S.-China trade war.

Associated Press: "A new round of proposed Trump tariffs would hit US consumers" and "Auto industry cries foul as Trump moves toward car tariffs"

The Atlantic: "How Much Damage Will Trump’s Trade War Do?"

Bloomberg: "Tariffs Lurk Around Corner After U.S. Inflation Tame in June"

Wall Street Journal: "Apple Bankrolls Clean Energy Fund in China—Energy journal"

Washington Post: "China will learn its lesson — just not the one Trump wants"

07/19/18