Maxwell School News and Commentary
Filtered by: Tariffs
Lovely Speaks to China Daily About the Impact of President Trump’s Tariffs
“In some sectors, tariffs create no new jobs in the U.S., as trade is diverted to third countries rather than inducing new domestic production,” says Mary Lovely, professor emerita of economics.
See related: Canada, China, Federal, International Affairs, Latin America & the Caribbean, Tariffs, Trade, United States
Monarch Speaks With Newsweek and NY Post About Trump’s Tariffs, Rising Prices
See related: Federal, International Affairs, Tariffs, Trade, United States
Cohen Quoted in the Guardian and USA Today Articles About Trump’s Tariffs
“The U.S. has long used tariffs to collect revenue, aid manufacturing and exert power,” says Andrew Cohen, professor of history. “But I can’t think of a trade war initiated so randomly in a time of peace and prosperity.”
See related: Federal, International Affairs, Tariffs, United States
Reeher Speaks With WXXI News About Meeting Between President Trump and NY Gov. Hochul
“She's playing the game a little bit differently—the resistance game,” says Grant Reeher, professor of political science. “She doesn't want to be seen to be an ally of Donald Trump and his administration,” he says. “She also has to worry about her left flank and being seen as too liberal.”
See related: Energy, Federal, Infrastructure, New York State, State & Local, Tariffs, U.S. Immigration
Monarch Discusses the Impacts of Trump’s Tariffs in Newsweek and Nexstar Articles
Typically, a Republican presidency would be defined by a pro-business outlook that includes lower taxes and deregulation, which tend to boost investment in equities. Trump's tariffs, however, are a driving force in the other direction this time, says Ryan Monarch, assistant professor of economics.
See related: Canada, Federal, International Affairs, Tariffs, Trade, United States
Lovely Talks to NewsNation About Trump’s One-Month Tariff Exemption for US Automakers
“What we can say is that one month is not enough time to rearrange production networks which have served North America extremely well. We can't move assembly plants or manufacturing facilities for roof racks or catalytic converters or whole assembly plants from Mexico to the United States,” says Mary Lovely, professor emerita of economics.
See related: Canada, Federal, International Affairs, Latin America & the Caribbean, Tariffs, Trade, United States
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, Tariffs, Trade, United States
McCormick Discusses the Impact of Trump’s Tariffs on Mexico in Business Insider, NBC News Articles
“The consequences of pushing the Mexican economy into a forced and deep recession is that, if anything, it will actually make people have to resort to informal economic activity, which oftentimes is illicit,” says Gladys McCormick, Jay and Debe Moskowitz Endowed Chair in Mexico-U.S. Relations.
See related: Federal, International Affairs, Latin America & the Caribbean, Tariffs, 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, Tariffs, Trade, United States
Lovely Quoted in China Daily Article on the Impact of Trump’s Tariffs on US Small Businesses
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.
See related: China, Federal, International Affairs, Tariffs, Trade, United States