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...
Working Paper: Manufacturing Jobs and Income Decline
After the year 2000, US manufacturing employment experienced a rapid, unprecedented decline with the loss of some six million manufacturing jobs. Many commentators have described this as a normal, even healthy evolution, with workers allegedly moving into “jobs of the future” in the service sector.
By...
Clinton USTR official, Jennifer Hillman, is Still Wrong on China
By Michael Stumo
Jennifer Hillman, a former Clinton trade official, recently wrote a misleading opinion article in the New York Times entitled “How to Stop Trump’s Trade War Madness.” Not only did Hillman work in the Clinton’s Office of the US Trade Representative, but she was...
It's Time to Rethink our Close Economic Relationship with the Totalitarian State of China
By David J. Lynn, Ph.D.
China has become increasingly integrated into America's economy with a wide range of industrial and consumer goods being imported from China including electronics, clothing, furniture, drugs, food products, machinery and many high-technology components that are essential for our national defense. In fact, in the US, it...
June Report Shows Little Change in US Trade Deficit
By Steven L. Byers, PhD, CPA Senior Economist
The US trade deficit in goods and services for June 2019 decreased by 0.3 percent, to $55.2 billion, down $0.2 billion from $55.3 billion (revised) in May. The decrease is due to a decline in the goods deficit of $0.8 billion along...
Tide of Multinationals Leaving China Turns Into a Flood
By Jeff Ferry, CPA Chief Economist
It took 20 years for China to disrupt global supply chains and build up the world’s largest manufacturing base. In the process they decimated US manufacturing sectors like computers, telecommunications, and furniture.
Top 5 Tax Proposals by Democratic Candidates...and How They Affect Domestic Companies
Among the various Democratic presidential contenders, there are a number of proposals for corporate tax reform. After reviewing all the candidates’ plans, we’ve identified the ‘Top 5 Democratic Tax Reform Proposals.’
By David Morse, Tax Policy Director
Working Paper Update: Across-the-Board Tariffs on China with Retaliation & Federal Spending Create Over 1 Million Jobs in Five Years
This Working Paper presents the results of a CPA econometric model showing that a permanent tariff on Chinese imports would stimulate the US economy.
by Jeff Ferry (Chief Economist) and Steven Byers (Senior Economist)
US Should Reject Tax Loopholes that China Favors
By David Morse, Tax Policy Director
The US and domestic companies should be alarmed by China’s desire to preserve corporate tax avoidance strategies in the world. Many countries have had enough of corporate tax avoidance, and the Organization for Economic Cooperation and Development (OECD) is currently considering solutions...
US Trade Deficit Leaps to $55.5B in May, But China Deficit Down in 2019
By Jeff Ferry, CPA Chief Economist
The US trade deficit jumped 8.4 percent in May, to $55.5 billion, as compared to April’s $51.2 billion, according to data published today by the Department of Commerce. On a year-on-year basis, the jump was even larger, up 25.2 percent over the May...
Report to CPA Members: CPA Testifies on Section 301 China Tariffs
Editor’s note: CPA’s Chief Economist Jeff Ferry testified on Friday June 21st at the International Trade Commission in support of expanding Section 301 tariffs against China. This is CPA’s written testimony.
On June 21st, at the US International Trade Commission headquarters, I testified on behalf of CPA in favor of...
We Need An American Alternative to Huawei
By Jeff Ferry, Chief Economist
President Trump’s decision over the weekend to allow US component and chip companies to sell to Chinese network builder Huawei was a questionable decision.
Comments on Proposed Modification of Regulations Regarding Benefit and Specificity in Countervailing Duty Proceedings
Editor’s note: CPA submitted the following comments supporting a recent Department of Commerce proposal to classify currency manipulation as a countervailable subsidy under US trade laws. CPA has long supported legislation on this topic, but now Commerce intends to achieve this end through regulation.
Modification of Regulations Regarding Benefit...
Republican Marco Rubio Says the US Needs To Look Beyond Shareholder Value For Economic Success. He’s Right.
By Jeff Ferry, CPA Chief Economist
Last month, Sen. Marco Rubio (R-FL) published one of the most enlightening and surprising reports from a member of Congress in a long while.
Inflation Undershoots Again in May —Tariff Effect Nowhere To Be Seen
By Jeff Ferry, CPA Chief Economist
This morning the Bureau of Labor Statistics (BLS) published the May consumer price index, and once again inflation has undershot Wall Street expectations.
US Trade Deficit with China Increases in April
By Steven L. Byers, PhD, CPA Senior Economist
The US international trade deficit in goods and services for April 2019 declined slightly to $50.8 billion, down $1.1 billion from $51.9 billion (revised) in March. US goods exports fell $4.4 billion, and services declined by $185 million. US...
Tax Changes May be Afoot for Multinational Entities
By David Morse, Tax Policy Associate Director
Law 360 reported this week that US Treasury officials believe multinational companies should anticipate new formulas as a part of future taxation. This is good news for companies producing in America who are tired of paying higher tax rates than many...
CPA Briefing Paper: Why Economic Forecasts of the Effects of Trade Action Are Consistently Wrong
Jeff Ferry, Chief Economist
Steven Byers Ph.D., Senior Economist
June 2019
This Briefing Paper looks at the shortcomings of economic models of trade action, their causes, and modifications to improve the accuracy of these forecasting models.
CPA Study Shows Across-the-Board China Tariff Would Boost US Economy, Create Thousands of Jobs
By Jeff Ferry and Steven L. Byers, PhD
Economic modeling results from the Coalition for a Prosperous America (CPA) show that an across-the-board 25% tariff on all China imports would deliver a significant, sustained boost to the US economy, including the addition of $125 billion to GDP in 2024 and...