Maxwell School News and Faculty Media, Opinion and Analysis

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.

February 13, 2019

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."

September 25, 2018

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."

September 12, 2018

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.

August 14, 2018

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."

July 25, 2018

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.

July 19, 2018

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."

June 27, 2018

Andrew Cohen discusses tariffs and trade on WAER

Andrew Wender Cohen, Dr. Walter Montgomery and Marian Gruber Professor of History, was a guest on WAER for the segment "Canadian Diplomat and SU Prof: Tariffs Will Cause Damage to Consumers, Workers, and Industry." "American manufacturers can raise the price of their steel to match the new price created by the tariff on foreign products," says Cohen. "So it increases their profits, and the hope is that they distribute that to their workers. At least, that's the logic according to the Trump administration. Economists tell you that won't necessarily happen."

June 6, 2018

See related: Tariffs, Trade

Andrew Cohen discusses tariffs, Great Depression in PolitiFact

Andrew Wender Cohen, Dr. Walter Montgomery and Marian Gruber Professor of History, was quoted in the PolitiFact article "Is protectionism a big part of the Great Depression, as Ben Sasse said?" "Economists today debate the tariffs’ effect on the Great Depression -- some feel it substantially worsened the downturn, while others think its negative effect was small," says Cohen. 06/01/1

June 1, 2018

See related: Tariffs, Trade, United States

Lovely discusses possible US tariffs on auto imports with Bloomberg

"We've come to expect this type of ebb and flow in terms of the threat of levying trade protections against our trading partners from this administration," says Mary Lovely, professor of economics.

May 24, 2018

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