Maxwell School News and Commentary
Filtered by: China
Lovely discusses costs of US-China trade war on Knowledge@Wharton
"We’re going to see permanently higher prices because the system as a whole will be less efficient," says Professor of Economics Mary Lovely. "President Trump’s actions are cementing firms’ view that this is going to go on for a long time."
See related: China, Economic Policy, Trade, United States
Lovely discusses impact of Trump's new tariffs in CNN op-ed
"This new bundle of taxes falls heavily on final goods, such as clothing, shoes, household goods and baby products. If the tariffs start on September 1, as suggested by the president's tweet, shoppers will see the impact immediately, as they begin their back-to-school shopping," writes Professor of Economics Mary Lovely.
See related: China, Federal, Taxation, United States
Lovely weighs in on slowdown of China's economic growth in Associated Press
Slowing demand in China could depress their revenue, earnings and stock market value, says Mary Lovely, professor of economics. "President Trump is probably happy that he’s starting to tank the Chinese economy," Lovely says. "But it’s a case of ‘be careful what you wish for.’"
See related: China, Economic Policy, United States
Lovely comments on widening US-China trade gap on NPR
"I think whatever jobs are created by President Trump's war on global supply chains are going to be dwarfed by losses in the U.S. export sectors," says Mary Lovely, professor of economics.
See related: China, Economic Policy, Trade, United States
Lovely discusses possible outcomes of Trump-Xi meeting on Bloomberg
"We're looking at politics here so he [President Trump] may be looking for some gigantic sign that he has won, that he as somehow brought the Chinese to the table in a way that no one else could," says Mary Lovely, professor of economics. "And I think that's where the danger lies because that's what the Chinese are not going to want to give him."
See related: China, Economic Policy, Federal, Government, United States
Lovely weighs in on redirecting production away from China in Christian Science Monitor
Already production of shoes, apparel, toys and other "footloose" industries has been shifting from China to Vietnam and other countries, partly due to rising wages in China, says Mary Lovely, professor of economics.
Ma quoted in SCMP article on Chinese students in US, visa challenges
"Many students are scared away already by the new policies even before going through the visa hurdles," says Yingyi Ma, associate professor of sociology.
See related: China, Government, U.S. Education, United States
Lovely explains how the trade war hurts Americans in CNN article
See related: China, Economic Policy, Trade, United States
Lovely speaks with Associated Press, NPR, NY Times about the US-China trade war
"It looks like there was a level of specificity that China wasn’t willing to accept and a level of ambiguity that the Trump administration wasn’t willing to accept," Mary Lovely, professor emerita of economics, told the New York Times.
See related: China, Economic Policy, Trade, United States