Paycheck protection program update for CPA members
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
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?
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
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
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...
Reshoring US Pharmaceutical Production Would Create 800K Jobs
Health, Security, Economic Benefits from Reshoring
By Steven L. Byers, PhD and Jeff Ferry
With the spreading coronavirus pandemic, Americans are becoming increasingly aware of our dependence on foreign sources for important pharmaceuticals and other health care products.
US Tariffs Reducing Trade Deficit; Continued Improvement in 2020
By Steven L. Byers, PhD and Jeff Ferry
The US trade deficit in goods and services for January 2020 fell 6.7 percent from December, to $45.3 billion, as January’s monthly imports decreased more than exports.
E-Commerce and Your Family
How safe are the items you are purchasing online?
By Greg Owens
On January 24, 2020 there was a press conference in Washington given by the Department of Homeland Security, which is responsible for US Customs, and Dr. Peter Navarro, Assistant to the President for Trade and Manufacturing Policy.
...2019, A Year in Trade: Imports Decline; China Imports Relocate
In 2019, the US trade deficit, our total imports and our goods imports all declined. These are all positive developments for the US economy and especially so because key indicators of the overall US economy, including GDP and personal consumption expenditure, grew at healthy rates last year.
US Capital Flow Management in the 1960s: The Interest Equalization Tax
By Steven L. Byers, PhD and Jeff Ferry
With the introduction of the Baldwin-Hawley bill (S 2359) into the US Senate, capital flow management tools are once again an important issue.
Steel Tariffs Deliver Higher Growth, Lower Imports and Lower Prices
By Jeff Ferry, CPA Chief Economist
The Section 232 steel tariffs are reducing the volume of steel imported into the US, providing breathing space for the US industry, which is expanding.
Tariffs Help US 2019 Trade Deficit Fall To $617B
By Steven L. Byers, PhD and Jeff Ferry
The US trade deficit in goods and services fell for the first time in six years in 2019. That’s according to US Commerce Department figures which showed our trade deficit dropped 1.7 percent to $616.8 billion in 2019.
We Need a 5G Wireless Technology Made in the USA
By Jeff Ferry, CPA Chief Economist
You are probably hearing a lot about 5G wireless, which is the next big thing in cellular telephone networks.
Harvard and Tampa Cancer Center Tarnished By Chinese IP Theft Scandals
By Jeff Ferry, CPA Chief Economist
On December 9th, Harvard cancer researcher Zaosong Zheng was boarding a Hainan Airlines flight to Beijing at Boston’s Logan Airport when US Customs officials pulled him aside to question him about his luggage.
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.