US Trade Deficit Shrinks to Smallest in Three Years
By Steven L. Byers, PhD and Jeff Ferry
The US scored the smallest trade deficit since October 2016 as tariffs slowed the flow of imports into the country.
Tariffs Are Working, to the Consternation of the Economics Profession
By Jeff Ferry, CPA Chief Economist
The New Year dawns on an America where many manufacturing sectors are in a state of aggressive growth.
Blog: US-China Deal Must Be Watched Closely
By David Lynn, Ph.D.
President Trump is doing what no other president has ever done on trade—actually making progress as opposed to uttering empty rhetoric and finger-wagging.
Report to CPA members on the US China Phase 1 trade deal
from Michael Stumo, CEO
After a call with the White House and Office of US Trade Representative regarding the US-China Phase 1 trade deal today, I would like to share what I have learned with our CPA members.
How To Steal an Airplane
The Story of Turbine Panda
By Jeff Ferry, CPA Chief Economist
In April 2018, a Chinese intelligence agent named Xu Yanjun got off a plane in Brussels, Belgium and headed for St. Catherine Square, a bustling area of shops and quaint cobblestone streets.
US October Trade Deficit Reaches 18-Month Low
Trade deficit with China continues to decline
By Steven L. Byers, PhD, CPA Senior Economist
The US international trade deficit in goods and services fell 7.6 percent in October, to $47.2 billion, as imports declined more than exports.
OECD Corporate Tax Compromise Savaged By Multinationals in Public Meetings
By Jeff Ferry, CPA Chief Economist
For the past year, tempers and words have been heating up in an international war over corporate taxation. France raised the heat in the battle last year, when it announced it would levy a tax on the corporate profits of a small number of...
America’s Kitchen Cabinet Makers Support Tariffs on China Imports
Paul Wellborn is the president of the largest family-owned cabinet manufacturing company in the United States. And as he sees it, the Trump Administration’s China tariffs are working.
CPA submits opinion to OECD Tax Committee
The Organization for Economic Cooperation and Development (OECD) has proposed significant changes to the global tax system to combat profit shifting. The Coalition for a Prosperous America supports a much simpler, better, and fairer solution: Sales Factor Apportionment. The following submission was sent to the OECD on November 11th, 2019...
Steel Tariffs Are Driving US Economic Growth
By Jeff Ferry, CPA Chief Economist
On October 25th, America’s largest steelmaker Nucor opened a new steel mill in Hickman, Arkansas.
Making America Competitive Again, The Bipartisan Baldwin-Hawley Bill
By John R. Hansen, CPA Advisory Board
Executive Summary
America's trade deficits, which are caused primarily by America's overvalued dollar, are eroding the American Dream of sustainably growing and equitably shared prosperity for all. By making American goods too expensive to compete with foreign goods in domestic and export markets,...
US September Trade Deficit Falls as US-China Deficit Continues to Shrink
By Steven L. Byers, PhD, CPA Senior Economist
The US trade deficit in goods and services for September 2019 fell 4.7 percent or $2.6 billion, to $52.5 billion, as imports declined more than exports.
OECD Proposal Fails to Help Domestic US Manufacturers
Many in Washington look at the Organization for Economic Cooperation and Development (OECD) in Paris to help with pressing business concerns in the global community. And recently, the OECD promised to tackle cumbersome issues related to international corporate taxation. Unfortunately, it appears that the OECD isn’t positioned to provide...
US Trade Deficit with EU Triples in 10 Years
By Jeff Ferry and Steven Byers
The US goods deficit with the European Union (EU) is on track to triple in a decade.
US Trade Deficit Increases Slightly in August
Overall trade deficit on track to exceed 2018 total, but China deficit narrowing
By Steven L. Byers, PhD, CPA Senior Economist
The US trade deficit in goods and services increased by 1.6 percent in August, to $54.9 billion, up $0.9 billion from...
Top 3 Tax Proposals by Democratic Candidates...and How They Affect Domestic Companies
After an initial review of the various 2020 Democratic presidential contenders’ tax proposals, the CPA tax committee noted a lack of progress on corporate tax reform. Committee members subsequently voted on the remaining corporate tax proposals.
By David Morse, Tax Policy Director
Apple Staying in Texas Due to US Tariff and Industrial Strategy
By Jeff Ferry, CPA Chief Economist
On Sept. 23rd, Apple announced that its Mac Pro computer will continue to be manufactured in Texas, rather than China, Taiwan, or southeast Asia, as the company was previously planning. The Mac Pro is currently the only Apple product assembled in the United...
US Trade Deficit Shrinks in July
Goods deficit with China declines 10% from last year
By Steven L. Byers, PhD, CPA Senior Economist
The US trade deficit in goods and services for July 2019 decreased by 2.7 percent, to $54.0 billion, down $0.2 billion from $55.5 billion (revised) in June.
Why We Need Baldwin-Hawley Currency Reform Now
By Jeff Ferry, CPA Chief Economist
In his recent article, How Not to Restore American Industry, commentator David P. Goldman criticizes the Baldwin-Hawley bill, also known as the Competitive Dollar for Jobs and Prosperity Act, which was introduced into the Senate earlier this month. The bill would provide the...
Regulating Capital Inflows To Realign The Dollar Exchange Rate
By Steven L. Byers, PhD
U.S. Senators Tammy Baldwin (D-WI) and Josh Hawley (R-MO) recently introduced a bipartisan bill (Senate Bill S.2357) to realign the US dollar exchange rate to make U.S. exports more competitive, boost American manufacturers and farmers, and reduce our trade deficit. The Competitive Dollar for Jobs...