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Filtered by: Taxation

Cohen Discusses How the US Has Used Tariffs Throughout History in CNBC Article

Before 1934, Congress—not presidents—had power over tariff rates and negotiations, says Andrew Wender Cohen, professor of history. But Democrats had an enormous majority around the New Deal era and passed the Reciprocal Trade Agreements Act of 1934, granting the president the right to negotiate tariffs in certain cases, Cohen says.

February 10, 2025

McCormick Talks to InSight Crime About Trump’s Tariffs on Mexico

“Tariffs will hurt the Mexican economy, which will further weaken the Mexican system and the rule of law, and that’s going to make Mexico much more vulnerable to further incursions from organized crime,” says Gladys McCormick, Jay and Debe Moskowitz Endowed Chair in Mexico-U.S. Relations.

February 6, 2025

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.

February 4, 2025

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.

December 27, 2024

Lovely Talks to Kotaku and Spectrum News About Trump’s Tariffs

“We’re going to see an impact on both import flows and export flows,” says Mary Lovely, professor emeritus of economics. “For consumers, we’re going to see higher prices. Many people are predicting about a one-percentage point increase on the inflation rate.”

December 23, 2024

McDowell Discusses Trump’s Plans to Maintain Dollar Dominance in BBC, Bloomberg, Wash Post Articles

“The idea that you’d use political coercion to bind countries, or bind market actors within countries, to use the currency is not how the dollar ascended to this place in the first place,” says Daniel McDowell, professor of political science. “If that’s what’s needed to maintain dollar dominance, that shows there’s a real fundamental problem with the economic appeal.”

December 11, 2024

Reeher Speaks With Fox News About Trump’s Proposed Tariffs for Mexico and Canada

“I think what he's putting out now, at this stage, could be seen as an attempt to nudge the behavior of both Mexico and Canada regarding the border and to engage in what is essentially financial saber rattling. But also, I wouldn't be surprised to see him follow through on this because he is a believer in tariffs,” says Grant Reeher, professor of political science.

December 2, 2024

Lovely Weighs In on How Trump's Proposed Tariffs Will Impact US Consumers in China Daily Article

The new duties also could mean “a household with median income is projected to pay $1,700 more each year in import taxes,” says Mary Lovely, professor emerita of economics.

November 18, 2024

Rising Import Tariffs, Falling Exports: When Modern Supply Chains Meet Old-Style Protectionism

Kyle Handley, Fariha Kamal, Ryan Monarch

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.

November 11, 2024

Behavioural Patterns of Leaders versus Followers in Setting Local Sales Tax Policy

Jongmin Shon, Yilin Hou

Using a 40-year panel dataset from Texas, Yilin Hou and co-author identify leader municipalities in changing sales tax rates and examine how municipalities asymmetrically respond to multi-tiered rate changes. Published in Fiscal Studies: The Journal of Applied Public Economics.

October 16, 2024

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