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Tariffs Impact the Economy
"Tariffs are bad, first and foremost, because they are just a tax. They add to the cost of things. A company that has to pay a tariff on an input simply raises the cost of what they are producing. In most cases, they are able to pass that cost to the consumer. In some cases, they have to bare that cost themselves or split it with the consumer. Bottom line: the cost of doing business increases and the profitability decreases." -Matthew Rooney
Matthew Rooney joined the Bush Center in June 2015 following a career as a Foreign Service Officer with the U.S. Department of State. At postings in Washington and abroad, he focused on advocating market-driven solutions to economic policy challenges in both industrialized and developing countries, and on protecting the interests of U.S. companies abroad.
In Washington, Rooney was on loan to the U.S. Chamber of Commerce to create a high-level private sector advisory body for the Summits of the Americas, working closely with the U.S. private sector and with companies and business associations from throughout the Americas to negotiate an agenda to promote economic integration in the region. Previously, he was Deputy Assistant Secretary responsible for relations with Canada and Mexico and for regional economic policy. In prior Washington assignments, Rooney worked for then-Senator Fred Thompson, and supported negotiations to open global markets to U.S. airline services.
Abroad, Rooney was Consul General in Munich, a Consulate General providing a full range of Consular and export promotion services, supporting a permanent presence of 30,000 U.S. forces in two major base complexes, and carrying out a media and public relations initiative in support of U.S. diplomatic objectives in Germany. As Counselor for Economic and Commercial Affairs at the U.S. Embassy in San Salvador, El Salvador, he laid the groundwork for free trade negotiations between the United States and the five countries of Central America, and promoted market-based reforms for electrical power. Prior to this, he served in various posts in Germany, Gabon and Côte d’Ivoire.
Rooney studied Economics, German and French at the University of Texas at Austin and received his Master’s Degree in International Management at the University of Texas at Dallas.Full Bio
Two-Minute Take: NAFTA vs. USMCA
The United States-Mexico-Canada Agreement makes substantial changes to modernize trade rules in effect from 1994. What are these modifications and what do they mean for Americans?
El Paso del Norte, A Cross-Border Community
Reporting on their recent trip to El Paso, Matthew Rooney, managing director of the Bush Institute-SMU Economic Growth Initiative, and William McKenzie, editorial director of the Bush Institute, explain why El Paso del Norte points to both the challenges and potential benefits of the close relationship between the United States and Mexico.
Executive Trade Policy Authority: A Threat to America’s Global Leadership on Trade
Congress could start clawing back trade policy authority that it has long delegated to the president.