Maxwell School News and Commentary
Filtered by: Economic Policy
Mitra discusses tariff retaliation by India in Livemint article
Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs, says, "any tariff increase will come at a huge cost to India’s consumers as well as producers who use imported inputs."
See related: Government, India, International Affairs, Tariffs, Trade
Lovely discusses tariffs with the Economist, Wall Street Journal
"The first few rounds of tariffs hit supply chains really hard," says Mary Lovely, professor of economics. Now, the Trump administration "has begun to hit things clearly not processed in the U.S.—consumer goods—and this is going to get people’s attention."
See related: China, Federal, International Affairs, Tariffs, Trade, United States
Lovely discusses winners and losers of steel tariffs on NPR
"The companies that use steel, like aluminum can manufacturers, or companies that make steel vats for pharmaceuticals or the dairy industry, they're going to be hurt by this," says Mary Lovely, professor of economics.
See related: Federal, International Affairs, Tariffs, Trade, United States
Lovely discusses impact of tariffs on US businesses on NPR
Mary Lovely, professor of economics, says that after two rounds of retaliatory tariffs by China, U.S. ham and various other pork products now face massive tariffs—between 62 and 70 percent. "In recent weeks, the U.S. Department of Agriculture has reported zero weekly export sales of pork to China," she says. "So our exports to the country have pretty much collapsed."
See related: China, Federal, International Affairs, Tariffs, Trade, United States
Lovely discusses US-China tariffs in Associated Press, Atlantic, Wash Post, Wall Street Journal
Mary Lovely, professor of economics, 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.
See related: China, Federal, International Affairs, Tariffs, Trade, United States
Lovely discusses US-China tariffs with Associated Press, CBS, Consumer Reports, NY Times
"The biggest price hikes may be seen among these lower-priced products, and the effect of that will hit people toward the lower end of the income distribution more," says Professor of Economics Mary Lovely.
See related: Tariffs
Lovely weighs in on Harley-Davidson, tariffs in AP, Reuters, NBC
"More firms will follow Harley’s lead and move production overseas," says Mary Lovely, professor of economics. "Can’t blame them. Many companies are being put in very difficult positions."
See related: China, Federal, International Affairs, Tariffs, Trade, United States
Mitra discusses steel tariffs in Auburn Citizen
"Tariffs on the imports of steel will make steel more expensive here, thereby raising the cost of production in steel-using industries and making them less profitable," says Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs. "These steel-using industries will then cut employment."
See related: Tariffs
Andrew Cohen discusses tariffs and trade on WAER
Lovely discusses trade, tariffs in Washington Post, Bloomberg, Marketplace
These new tariffs will “almost surely not” cause a recession, says Mary Lovely, professor of economics. “This industry is important but it’s not that important. Costs will rise. We’ll see some job dislocation…but we will not see a recession,” she adds.
See related: Tariffs