CPA Research

US Trade Deficit Deepened to $54.6 Billion in May As COVID Impacted Trade

July 02, 2020

By Jeff Ferry, Chief Economist

The monthly US trade deficit climbed to $54.6 billion in May as the COVID crisis dented exports more than imports.

US and UK Should Partner on a “Multiplier” Fund to Back 5G Startups

June 30, 2020

By Jeff Ferry, CPA Chief Economist

The United Kingdom is close to pulling out of its previous compromise solution for 5G telecom, which involved keeping Huawei at the so-called “edge” of British wireless networks.

CPA Presentation on JQI to Western Economic Association

June 29, 2020

Editor's Note: On Sunday June 28, CPA's economics team presented "The Job Quality Index – A New Measure of Job Quality in the U.S. Labor Market" at the Western Economic Association International 95th Annual Conference. The Job Quality Index, developed by CPA in partnership with economists from Cornell University...

Currency Misalignment

America’s Trade Deficits

June 23, 2020

Editors note: Ken Austin, a former treasury official, explains the intricacies of capital flows, exchange rates, and the trade deficit.

Blame U.S. Policies – Starting With Tax Laws

Coronavirus Crisis Drives Collapse in April Trade, Deficit Worsens to $49 Billion

June 04, 2020

By Steven L. Byers, PhD and Jeff Ferry

The coronavirus disrupted international trade and led to a collapse in US trade volume which makes it difficult or impossible to draw conclusions about underlying trends.

CPA’s New Manufacturing Reshoring Index Shows Strong Gains in 2019

June 01, 2020

CPA Working Paper

By Stephen L. Byers PhD and Jeff Ferry


The Coalition for a Prosperous America is introducing the new CPA Reshoring Index to track the success of US manufacturing industry in meeting domestic demand for manufactured goods.

Is China Even Trying to Fulfill its Phase One Commitments?

May 21, 2020

Beijing buys Brazilian soy and homegrown polysilicon rather than US

By Jeff Ferry, CPA Chief Economist

It is starting to look like China is unlikely to fulfill the terms of the so-called Phase One agreement on purchases of US goods and services.

5G Wireless: Pallone-Walden Bill Is a Good Start But We Need A More Aggressive Strategy

May 11, 2020

By Jeff Ferry, CPA Chief Economist

Despite the COVID-19 crisis, Chinese technology company Huawei is having a good spring. 

Tax Avoiders Should Not Get Bailout Money

May 06, 2020

Editor's Note: David Morse is the tax policy director at the Coalition for a Prosperous America Education Fund.

Right now, Washington is preoccupied with efforts to support struggling U.S. businesses during the COVID-19 pandemic. Surprisingly, some companies that use tax havens to avoid paying U.S. taxes are trying to get their...

March Trade Volume Collapses as US Deficit with China Hits New Low

May 05, 2020

Overall Deficit Rises 12% Due to EU, Mexico, & Canada

By Steven L. Byers, PhD and Jeff Ferry

As the US went into a self-imposed quarantine, US trade volume collapsed, with exports down 11 percent from a year ago and imports down 12 percent. 

Expect More and Get Way More than Expected: Buy American

April 30, 2020

Editor's Note: Greg Owens, owner Co-Founder & CEO, Sherrill Manufacturing/Liberty Tabletop, is the Co-Chair of CPA's Buy American committee. 

SHERRILL, N.Y. – Many of us have a renewed sense of purpose in our purchasing and are making conscious decisions to seek out and buy American made products. We all know this...

Videoconference with Zoom—and Invite Some Chinese Spies to Your Next Meeting

April 24, 2020

By Jeff Ferry, CPA Chief Economist

Millions of people stuck at home are now using the Zoom videoconferencing application. Zoom claims 300 million daily users. But how many of those 300 million know that Zoom is a product that is made in China?

Main Street Lending program

April 17, 2020

CPA is working to keep you up to date on the CARES Act lending programs. Here is additional information that may help your business regarding the new Main Street Lending program and the previously announced Paycheck Protection Program (PPP).

The PPP is the most popular lending program because the...

International View: Japan, France Preparing to Move Supply Chains Out of China

April 17, 2020

By Jeff Ferry, CPA Chief Economist

According to rumors circulating in Paris, French president Emmanuel Macron recently had a phone call with Chinese president Xi Jinping in which the Frenchman asked for an emergency shipment of a billion face masks to cope with the COVID crisis. The Chinese president is...

Made in America 2030: A Smart Infrastructure and Industrial Strategy Can Make Post-COVID America Stronger

April 16, 2020

By Jeff Ferry, CPA Chief Economist


As we emerge from the current lockdown and economic freeze, the US economy will need a substantial boost.

Tax Strategy

Paycheck protection program update for CPA members

April 06, 2020

This is an update on the Paycheck Protection Program which is part of the Small Business Interruption Loan Program within the recently passed CARES Act. 

CPA members with 500 or less employees can start applying as of last Friday, April 3. You can start applying through your local bank. 

Trade in the Time of Coronavirus – China Trade Deficit Hits 14-Year Low

April 02, 2020

By Steven L. Byers, PhD and Jeff Ferry

US trade with China was drastically disrupted in February in the wake of the coronavirus pandemic.

What does COVID stimulus bill - CARES Act - do for small CPA member companies?

March 30, 2020

By David Morse, Tax Policy Director

The president just signed the CARES Act after a week of negotiations in the Senate, and a Congressional kerfuffle that required an emergency recall of House members to the Capitol. Newspapers have spent much ink on individual check expectations and considerable corporate...

“We Need More Equipment & We Need It Now” Reshoring Medical Supplies Could Create 302,000 New US Jobs

March 27, 2020

By Steven L. Byers, PhD and Jeff Ferry

The US is in the midst of a public health crisis and the country is struggling with shortages of essential health care supplies.

Employee Paid Sick Leave During the Corona Pandemic: What it means for America’s small businesses

March 26, 2020

Editor's Note: David Morse is the tax policy director at the Coalition for a Prosperous America Education Fund.

The President and Congress are currently finalizing the CARES Act to address the major economic disruptions caused by the coronavirus. However, small employers around the country are wondering what the earlier new “Families...