Lovely Quoted in China Daily Article on the Impact of Trump’s Tariffs on US Small Businesses

February 24, 2025

China Daily

Mary E. Lovely

Economics Department

China

Federal

International Affairs

Tariffs

Trade

United States

China Daily

Mary E. Lovely

Many small businesses in the U.S. that rely on imported goods have expressed concern over the impact of the 10 percent tariff on Chinese goods enacted by President Trump. U.S. imports from China provide vital stock for businesses nationwide; at least one-fourth of all imports are raw materials or parts.

Overall, the president aims to get more U.S. businesses to set up factories domestically to generate more trade. But for the U.S., tariffs “can cause job loss in sectors that use imported intermediate and capital goods,” says Mary Lovely, professor emerita of economics.

Read more in the China Daily article, “US small businesses worried about tariffs.”