Maxwell School News and Commentary

"This is really going to hurt American businesses who use Mexico to reduce their costs and stay competitive," Mary Lovely, professor of economics, told Bloomberg after President Trump announced that all products from Mexico will be hit with 25 percent tariffs.

"I think that if President Trump goes through and raises these tariffs and then China retaliates, there will be a lot more pain and no gain," says Professor of Economics Mary Lovely.

Austin Zwick, assistant teaching professor of public affairs, says the job actions are an attempt to shift the balance of power between drivers and platforms, which now have the power to arbitrarily determine compensation and benefits. "The joint strike plus boycott strategy appear unlikely to succeed nationally as it does not appear that all drivers and passengers are unified behind the cause."

Mary Lovely, professor of economics, says the new U.S. trade deal with Canada is a "clear signal" that the U.S. is "circling the wagons against China."

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."