Economics News

Mary Lovely, professor of economics, says any negotiations to rejoin the Trans Pacific Partnership would probably drag well into next year. As a result they are unlikely to give Mr. Trump any quick political victory in farm states.

"These funds helped pretty good cities be better, as opposed to really helping cities in need to become more viable," says Don Dutkowsky, professor of economics. 

Why is free trade popular in the U.S, despite the success of many protectionist candidates in US politics? These syracuse professors explain that protectionist rhetoric is enjoyed by voters, who are ideologically committed to nationalist values such as protectionism, while still seventy eight percent of college graduates believe that free trade is an opportunity for economic growth. 

"China wants to use industrial policies and state support to shape its economy," says Professor of Economics Mary Lovely. "The Trump administration wants to use American market power to force our trading partners to adopt policies that help us shape our economy."

Mary Lovely, professor of economics, says it’s impossible to protect American consumers and put maximum pressure on China at the same time.

For Xi's government, "this particular episode is going to play right into their ability to get people on their side because Trump is seen as the aggressor," says Mary Lovely, professor of economics.

International automakers are "training their future competitors and receiving only a fraction of what their intellectual property would earn" if they were allowed to go it alone in China, says Mary Lovely, professor of economics.

"This was only the first shot," said Mary Lovely, professor of economics, about the Chinese government's retaliatory tariffs on U.S. products exported to China. 

“This is a warning. It means that when China utilizes American technology and innovation to make achievements, the U.S. will not sit aside and simply let it happen,” says Mary Lovely, professor of economics.

"One hope of AGOA [African Growth and Opportunity Act] was labor intensive manufacturing would move into” some of Africa's poorest countries, said Mary Lovely, professor of economics. The comment followed President Trump's announcement of Rwanda's participation in the program.

"A trade war is not inevitable," says Mary Lovely, professor of economics. "But the time is getting very late for us to avoid it."

"The sanctions are a very big deal," says Mary Lovely, professor of economics and senior fellow at the Peterson Institute for International Economics. "The Chinese see them as a major threat and do not want a costly trade war."

Mary Lovely, professor of economics, says the reason why the United States and China have such drastically different tariff rates for imported cars is because of a pre-existing deal between the countries to keep car tariffs high while slashing import taxes on other goods, such as soybeans.

Devashish Mitra, Gerald B. and Daphna Cramer Professor of Global Affairs, argues that "restrictive labor regulations have prevented India from reaping the full potential benefits of opening up the economy."

Steve Hagerty’s company helps communities facing disasters — acts of God and acts of terror that would otherwise overwhelm the regular operations of government.