Maxwell School News and Commentary
Filtered by: Tariffs
Lovely provides an economic history of tariffs on Marketplace
"The economy has changed a lot since 1888 and in particular, when we think about who bears the burden of tariffs, we have to recognize the development of very complex supply chains for American companies," says Professor of Economics Mary Lovely.
See related: China, Federal, International Affairs, Tariffs, Trade, United States
Lovely quoted in Business Insider article on US tariff revenue
"The president looks at this [foreign tariffs] and says it's coming from foreigners," says Mary Lovely, professor of economics. "That's not technically correct. I mean, I go to Macy's and pay a sales tax. Macy's is the one that sends the check to the government, but that doesn't mean they're the ones that pay the tax. I am."
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Lovely quoted in Bloomberg article on China, Trump's tariffs
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Lovely discusses impact of tariffs on Chinese supply chains in Xinhua
"So there's a great deal of uncertainty and firms are really in doubt as to what they should do because moving the supply chain is costly. Before you want to do that, you want to make sure that it's something that you really need to do," says Mary Lovely. professor of economics.
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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.
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