In the News: Ryan Monarch
Monarch Explains Tariffs and Their Implications on the Economy With The Motley Fool and Develop This
“Tariffs cause the price of affected goods to rise. In fact, research into the 2018-2019 trade war has shown that the prices of U.S. imported goods affected by tariffs rose by nearly the entire amount of tariffs imposed, meaning that U.S. importers bore the brunt of the increase in costs,” says Ryan Monarch, assistant professor of economics.
See related: Federal, International Affairs, Taxation, Trade, United States
Monarch Discusses Trump’s Proposed Changes to American Trade Policy in Directorship Magazine Article
“We know that President Trump is not afraid to have an actual trade war,” he continued. “We saw it in 2018 and 2019, where almost all goods coming from China were hit with the highest tariffs we've seen in almost 100 years. And those were very disruptive,” says Ryan Monarch, assistant professor of economics.
See related: Canada, China, Federal, International Affairs, Latin America & the Caribbean, Taxation, Trade, United States
Monarch Speaks With Newsweek About US tariffs and the Housing Market
Ryan Monarch, assistant professor of economics, says that it is “clear” tariffs on products like steel and aluminum will increase the cost of building housing and developments and, therefore, drive up the prices of housing in the U.S.
See related: Canada, Federal, Infrastructure, International Affairs, Latin America & the Caribbean, Taxation, Trade, United States
Monarch Discusses Trump’s Tariffs on Canada, Mexico and China in Newsweek and WAER Articles
In total, a 25 to 30 percent price increase would not be “outlandlish,” says Ryan Monarch, assistant professor of economics. “We should expect that those prices are going to go directly onto American buyers. Research has shown that Chinese suppliers pass on those prices completely,“ he says.
See related: Canada, China, Federal, International Affairs, Latin America & the Caribbean, Taxation, Trade, United States
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
Rising Import Tariffs, Falling Exports: When Modern Supply Chains Meet Old-Style Protectionism
Assistant Professor of Economics Ryan Monarch and co-authors examine the impacts of the 2018–2019 U.S. import tariff increases on U.S. exports through the lens of supply chain linkages. 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
Monarch Discusses the Effects of Trump’s Presidential Economic Agenda in GOBankingRates Article
“These policies include mass deportation of undocumented immigrants and greatly reduced entry visas for working immigrants,” says Ryan Monarch, assistant professor of economics. “These policies would also lead to higher prices for everything from housing to groceries, as reduced labor supply in construction, agriculture and other sectors would lead to higher costs throughout the economy.“
See related: Economic Policy, Federal, Income, Labor, Taxation, Trade, U.S. Immigration, United States
Longevity and the Value of Trade Relationships
“Longevity and the Value of Trade Relationships,” co-authored by Assistant Professor of Economics Ryan Monarch, was published in the Journal of International Economics.
See related: International Affairs, Trade, United States
Maxwell Hosts Conference Focused on International Trade
The two-day event drew scholars from across the U.S. as well as Canada and England.
See related: Economic Policy, International Affairs, Trade
Monarch Quoted in VOA Article on China’s Shift Towards High-End Manufacturing
Ryan Monarch, assistant professor of economics, says it would be more difficult for China's manufacturing industry to transition to the high-end amid deteriorating U.S.-China relations and the decoupling of business between the two countries.
See related: China, Economic Policy
Monarch Weighs in on the Future of China’s Global Manufacturing Dominance
Ryan Monarch, assistant professor of economics, was quoted in the International Business Times article, "COVID And The Russian-Ukraine War Could End China's Manufacturing Dominance."
Maxwell School Announces New Chairs, Faculty
See related: Promotions & Appointments